Panera Bread Reports Q2 2010 Diluted EPS of $0.85, Up 31% Over Q2 2009, on 9.9% Growth in System-Wide Comparable Bakery-Cafe Sales
SOURCE: Panera Bread Company ST. LOUIS, MO–(Marketwire – July 27, 2010) – Panera Bread Company ( NASDAQ : PNRA ) HIGHLIGHTS — Q2 2010 net income increased 33% versus Q2 2009 to $27 million — Operating margin increased 230 bps in Q2 2010 over Q2 2009 — Repurchased $71 million of shares in Q2 2010 — Full Year 2010 EPS target increased to $3.50 to $3.52 (up 26% to 27% versus FY 2009) Panera Bread Company ( NASDAQ : PNRA ) today reported net income of $27 million, or $0.85 per diluted share, for the second quarter ended June 29, 2010. These results include the favorable impact of $0.01 per diluted share from the Company’s repurchase of 897,556 shares under its $600 million share repurchase authorization