Panera Bread (Nasdaq: PNRA) reported earnings on Oct. 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 25 (Q3), Panera Bread beat slightly on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share increased significantly.

Margins increased across the board.

Revenue details
Panera Bread booked revenue of $529.3 million. The 22 analysts polled by S&P Capital IQ predicted sales of $522.8 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $453.1 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $1.24. The 24 earnings estimates compiled by S&P Capital IQ averaged $1.19 per share. GAAP EPS of $1.24 for Q3 were 28% higher than the prior-year quarter's $0.97 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 34.5%, 70 basis points better than the prior-year quarter. Operating margin was 11.3%, 80 basis points better than the prior-year quarter. Net margin was 6.9%, 50 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $569.5 million. On the bottom line, the average EPS estimate is $1.70.

Next year's average estimate for revenue is $2.12 billion. The average EPS estimate is $5.79.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,349 members out of 1,503 rating the stock outperform, and 154 members rating it underperform. Among 433 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 404 give Panera Bread a green thumbs-up, and 29 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Panera Bread is outperform, with an average price target of $173.89.