Panera Bread Co (PNRA – Analyst Report) just released their fourth quarter fiscal 2015 earnings results, posting earnings of $1.88 and revenue of $691.7 million.
Currently, PNRA has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company's latest earnings report. Here are 5 key statistics from this just announced report below.
Panera Bread:
1. Beat earnings estimates. The company posted $1.88 per share, beating our Zacks Consensus Estimate of $1.78. This number excludes $0.14 from nonrecurring items.
2. Missed revenue estimates. The company saw revenue figures of $691.7 million, missing our estimate of $696 million. However, this number reflects a 2.9% increase in revenue on a year-over-year basis.
3. Reported net income of $43 million for the quarter.
4. Ron Shaich, Chairman and CEO, commented, “Our strategic plan is working. Our comps of 3.6% in Q4 2015 and 6.4% in the first 41 days of Q1 2016 are leading indicators of the impact our initiatives are having. Further, we are confident that our results will continue to strengthen as the startup and transition costs associated with our initiatives begin to crest and our sales continue to grow. We now expect the EPS growth we saw in Q4 2015 will improve in 2016 and further accelerate in 2017. Today, we are confident we are on a path to return to sustained double-digit earnings growth.”
5. PNRA was up $2.28, or 1.23%, to $187.00 as of 4:48 PM ET in after hours trading shortly after its earnings report was released.
Here's a graph that looks at Panera Bread's long-term quarterly net income and profit margin:
Panera Bread Company (PNRA – Analyst Report) Quarterly Net Income & Profit Margin | FindTheCompany