St. Louis / MO. (wib) Panera Bread Company reported that first quarter net income fell 17 percent reflecting a charge related to the reduction of company-owned new store openings and the rapid rise of wheat costs. The quick-casual restaurant chain said net income fell to 12,4 million USD or 0,41 USD per share from 15 million USD or 0,47 USD a share. Revenue rose to 305 million USD from 239,7 million USD. The company reaffirmed its earning per share expectation of 2,00 USD to 2,11 USD for fiscal 2008, a growth rate of twelve percent to 18 percent. It also increased and narrowed its earning per share target for the second quarter from a range of 0,37 USD to 0,43 USD to a range to 0,40 USD to 0,44 USD. This would be an increase of three percent to 13 percent from second quarter 2007 results of 0,39 USD per share (press release).
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Cloetta AB: announces Q2-2024 interim report
- Axfood AB: Reports Q2-2024 Financial Results
- Chef Robotics: Launches AI-Powered Food Robot
- Conagra Brands: Reports Fourth Quarter 2024 Results
- Limerston Capital sells Village Bakery to Groupe Menissez
- GrubMarket: Buys Major Foodservice Company in Texas
- Lantmännen acquires Entrack AB
- DPC Dash: Concludes H1-2024 with Sustained Expansion
- Norway: Orkla Food Ingredients acquires FDE
- Fondo Italiano d’Investimento co-invests in Casa della Piada
- Greggs: invests in a new frozen manufacturing and logistics site
- Bundeskartellamt imposes fine against «Fritz!» manufacturer AVM
- Yum China: Celebrates Opening of its 200th KCoffee Store
- Beijing intends to roll out 5’400 food production robots
- K-Citymarket: sees significant sales growth in Finland
- DPC Dash: reaches 900-store milestone in China
- Coffee Holding: Terminates Merger with Delta Corp Holdings
- Perkins Restaurant + Bakery: introduces new brand identity
- Engelmans Bakery: acquires St. Armands Baking Company
- National DCP: Breaks Ground on New Distribution Center
