Panera revenue jumps 27%

ST. LOUIS — Panera Bread company-owned same-store sales increased 6.5 percent for the second quarter ended June 26, 2008, while comps for franchise-owned locations increased 4.8 percent, the company announced.

These second quarter 2008 comp-sales results were positively impacted by the shift of the Easter holiday to the first quarter of 2008 compared to the second quarter of 2007. The second quarter of 2008 also included approximately 5.5 percent of year-over-year price increases when compared to the second quarter of 2007.

Total revenue for the quarter was $321 million, up 27 percent from total revenue of $253 million reported for the same period last year.

Net income for the quarter was reported at $16 million for the second quarter compared with net income of $13 million for the second quarter ended June 26, 2007.

During the second quarter of 2008, the company opened 19 new bakery-cafes system-wide (6 company-owned and 13 franchise-operated) and closed one company-owned bakery-cafe.

For the year

For the twenty-six weeks ended June 24, 2008, total revenue was reported at $626 million, up 27 percent from $493 million reported for the first half of fiscal year 2007.

Net income was $28 million, slightly higher than net income of $28 during the same period last year.

As of June 24, 2008, there were 1,270 bakery-cafes open systemwide.