Panera Bread's Same-Store Sales Rise

Panera Bread ( PNRA) said same-store sales, excluding closed locations and one specialty shop, rose 5.3% in the four weeks ended Aug. 10 compared with the same period last year.

Company-owned same-store sales rose 4.5%, whereas franchised store sales rose 5.7%. Average sales per store rose 5.1% to $35,125, up from $33,430 in last year's four-week period, which ended Aug. 11.

The company's latest second-quarter results, announced Aug. 22, showed that Panera earned $3.5 million, or 13 cents a share, up from $2.4 million, or 8 cents a share, in the year-ago period.

Revenue for the quarter was $62.3 million, up 43% from $43.7 million last year. Panera is expecting to earn 16 cents a share in its third quarter and 70 cents a share for the year.

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