For the second quarter Panera reported earnings of $1.74 a share, in line with analysts' estimates. Revenue grew 7.1% from the year-ago quarter to $631 million. Analysts surveyed by Thomson Reuters expected revenue of $640.78 million for the quarter.
Looking forward to the third quarter, Panera expects earnings of $1.40 to $1.46 a share, below analysts' estimates of $1.53 a share for the quarter.
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TheStreet Ratings team rates PANERA BREAD CO as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate PANERA BREAD CO (PNRA) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.