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Last $180.56 USD
Change Today +0.06 / 0.03%
Volume 297.7K
PNRA On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

panera bread company-class a (PNRA) Snapshot

Open
$181.58
Previous Close
$180.50
Day High
$182.39
Day Low
$179.55
52 Week High
07/29/15 - $208.00
52 Week Low
09/2/14 - $147.84
Market Cap
4.7B
Average Volume 10 Days
662.0K
EPS TTM
$6.28
Shares Outstanding
24.4M
EX-Date
--
P/E TM
28.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for PANERA BREAD COMPANY-CLASS A (PNRA)

panera bread company-class a (PNRA) Details

Panera Bread Company owns, operates, and franchises retail bakery-cafes in the United States and Canada. The company operates through three segments: Bakery-Cafe Operations, Franchise Operations, and Fresh Dough and Other Product Operations. The operates bakery-cafes under the Panera Bread, Saint Louis Bread Co., and Paradise Bakery & Café names that offer fresh baked goods, made-to-order sandwiches, soups, salads, pasta dishes, custom roasted coffees, and other complementary products through on-premise sales, as well as provides catering services. The company also supplies fresh dough, produce, tuna, cream cheese, and proprietary sweet goods items. As of March 31, 2015, the company operated 1,901 bakery-cafes in Ontario and 45 states of the United States. The company was formerly known as Au Bon Pain Co., Inc. and changed its name to Panera Bread Company in August 1998. Panera Bread Company was founded in 1981 and is headquartered in St. Louis, Missouri.

19,900 Employees
Last Reported Date: 02/23/15
Founded in 1981

panera bread company-class a (PNRA) Top Compensated Officers

Co-Founder, Executive Chairman and Chief Exec...
Total Annual Compensation: $1.4M
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $742.9K
Executive Vice Chairman
Total Annual Compensation: $1.4M
Chief Transformation & Growth Officer and Exe...
Total Annual Compensation: $742.9K
Chief Development Officer and Executive Vice ...
Total Annual Compensation: $652.2K
Compensation as of Fiscal Year 2014.

panera bread company-class a (PNRA) Key Developments

Panera Bread Company Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Reiterates Earnings Guidance for the Full Year 2015 and Provides Earnings Guidance for the Third Quarter and Fourth Quarter of 2015

Panera Bread Company announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $676,657,000 against $631,055,000 a year ago. Operating profit was $68,412,000 against $73,942,000 a year ago. Income before income taxes was $66,808,000 against $77,644,000 a year ago. Net income was $41,929,000 or $1.60 per basic and diluted earnings share against $49,192,000 or $1.82 per diluted share a year ago. Net income, excluding certain items was $42,348,000 or $1.61 per basic and diluted earnings share against $47,143,000 or $1.74 per diluted share a year ago. The company's EBITDA was $100 million excluding the one-time refranchising charge. The company generated approximately $98 million of cash flow from operations during the second quarter and deployed $55 million towards CapEx. For the six months, the company reported total revenues of $1,325,161,000 against $1,236,808,000 a year ago. Operating profit was $119,609,000 against $140,947,000 a year ago. Income before income taxes was $117,703,000 against $145,238,000 a year ago. Net income was $73,789,000 or $2.79 per diluted share against $91,587,000 or $3.36 per diluted share a year ago. Net income, excluding certain items was $79,773,000 or $3.02 per basic and diluted earnings share against $89,538,000 or $3.28 per diluted share a year ago. The company reiterated its full year fiscal 2015 diluted earnings per share growth target of flat to down mid- to high-single digits when compared to full year fiscal 2014. The company continue to expect the tax rate for the full year of about 37%. For the third quarter of 2015, the company expects EPS growth to be down year-over-year at a similar level to what the company reported in first quarter and second quarter. The company expects same-store sales to come in a bit higher than the company's full year guidance range. For the fourth quarter of 2015, the company expects EPS performance to be better than the first three quarters of the year.

Panera Bread Company Presents at 4th Annual Gaming, Lodging, Leisure and Restaurant Conference, Aug-05-2015

Panera Bread Company Presents at 4th Annual Gaming, Lodging, Leisure and Restaurant Conference, Aug-05-2015 . Venue: Eleven Madison Avenue, Level 2B, New York, New York, United States.

Panera Bread Company Enters into a Revolving Credit Agreement

On July 16, 2015, Panera Bread Company entered into a credit agreement by and among the Company, as borrower, Bank of America, N.A. as administrative agent, swing line lender and L/C issuer, and each lender from time to time party thereto. The Revolving Credit Agreement provides for an unsecured revolving credit facility of $250 million and provides that the Company may select the interest rates under the credit facility equal to (1) the Eurodollar Rate (as defined in the Revolving Credit Agreement) plus the Applicable Rate for Eurodollar loans (which is an amount ranging from 1.00% to 1.50% depending on the Company's consolidated leverage ratio) or (2) the Base Rate plus the Applicable Rate for Base Rate loans. The Company's obligations under the credit facility are guaranteed by certain of its direct and indirect subsidiaries. The Revolving Credit Agreement also allows the Company from time to time to request that the credit facility be further increased by an amount not to exceed, in the aggregate, $150 million, subject to the arrangement of additional commitments with financial institutions acceptable to the Company and Bank of America. The credit facility will become due on July 16, 2020, subject to acceleration upon certain specified events of defaults, including breaches of representations or covenants, failure to pay other material indebtedness or a change of control of the Company, as defined in the Revolving Credit Agreement. On July 16, 2015, the Company also entered into a term loan agreement by and among the Company, as borrower, Bank of America, as administrative agent, and each lender from time to time party thereto. The Term Loan Agreement provides for an unsecured term loan in the amount of $300 million and provides that the Company may select the interest rates under the loan equal to (1) the Eurodollar Rate (as defined in the Term Loan Agreement) plus the Applicable Rate for Eurodollar loans (which is an amount ranging from 1.00% to 1.50% depending on the Company's consolidated leverage ratio) or (2) the Base Rate (which is defined as the higher of the Bank of America prime rate, the Federal funds rate plus 0.50%, or the Eurodollar Rate plus 1.00%) plus the Applicable Rate for Base Rate loans (which is an amount ranging from 0.00% to 0.50% depending on the Company's consolidated leverage ratio). The Company's obligations under the term loan are guaranteed by certain of its direct and indirect subsidiaries. The loan will become due on July 16, 2020, subject to acceleration upon certain specified events of defaults, including breaches of representations or covenants, failure to pay other material indebtedness or a change of control of the Company, as defined in the Term Loan Agreement. The Company expects to use the Credit Facilities (i) to refinance the revolving credit facility provided under the Revolving Credit Agreement dated as of November 30, 2012 among the Company, the lenders party thereto and Bank of America, as administrative agent, swing line lender and letter of credit issuer (as amended, restated, supplemented or otherwise modified, the Existing Revolving Credit Agreement) and (ii) for general corporate purposes, including working capital, capital expenditures, Permitted Acquisitions (as defined in each of the Credit Facilities) and purchases of the Equity Interests (as defined in each of the Credit Facilities) of the Company and transaction expenses relating thereto.

 

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Industry Analysis

PNRA

Industry Average

Valuation PNRA Industry Range
Price/Earnings 29.7x
Price/Sales 1.8x
Price/Book 7.1x
Price/Cash Flow 15.9x
TEV/Sales 1.7x
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