The 10-second takeaway
For the quarter ended Dec. 25 (Q4), Panera Bread met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share grew significantly.
Margins grew across the board.
Panera Bread notched revenue of $571.5 million. The 24 analysts polled by S&P Capital IQ looked for revenue of $574.3 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $495.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.75. The 27 earnings estimates compiled by S&P Capital IQ anticipated $1.74 per share. GAAP EPS of $1.75 for Q4 were 34% higher than the prior-year quarter's $1.31 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 36.3%, 40 basis points better than the prior-year quarter. Operating margin was 14.6%, 200 basis points better than the prior-year quarter. Net margin was 9.0%, 120 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $567.4 million. On the bottom line, the average EPS estimate is $1.62.
Next year's average estimate for revenue is $2.45 billion. The average EPS estimate is $7.03.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,375 members out of 1,528 rating the stock outperform, and 153 members rating it underperform. Among 453 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 424 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 $182.86.
Does Panera Bread have what it takes to execute internationally? Take a look at some American restaurant concepts that are generating profits in all over the globe in, "3 American Companies Set to Dominate the World." It's free for a limited time. Click here for instant access to this free report.
- Add Panera Bread to My Watchlist.