Panera Bread Co. Earnings: Here’s Why the Stock is Falling Now

Panera Bread Co. (NASDAQ:PNRA) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 5.22%.

Panera Bread Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 16% to $1.74 in the quarter versus EPS of $1.50 in the year-earlier quarter.

Revenue: Rose 11.01% to $589 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Panera Bread Co. reported adjusted EPS income of $1.74 per share. By that measure, the company missed the mean analyst estimate of $1.77. It missed the average revenue estimate of $596.02 million.

Quoting Management: Ron Shaich, Chairman and Co-CEO, commented, “In the second quarter of 2013, we delivered within the range of our diluted EPS guidance. Our two-year comparable same store sales growth for the quarter was strong at 10.9% and our new unit sales remain on track for another record year, reaffirming how strongly our brand resonates with consumers. However, our one-year comparable same store sales growth of 3.8% was below our expectations.”

Key Stats (on next page)…

Revenue increased 4.85% from $561.78 million in the previous quarter. EPS increased 6.1% from $1.64 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $1.46 and has not changed. For the current year, the average estimate is a profit of $7.05, which is the same with that ninety days ago.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

More Articles About:   , , , ,  

More from The Cheat Sheet