Exhibit 99.1
PRESS RELEASE
Contact:   Michele Harrison
Vice President, Investor Relations (314-633-4282)
Panera Bread Reports Fiscal 2009 EPS of $2.78, up 25% over Fiscal 2008
HIGHLIGHTS
  Company-owned comparable bakery-cafe sales up 8.4% in the first 6 weeks of Q1 2010
 
  Franchise comparable bakery-cafe sales up 9.0% in the first 6 weeks of Q1 2010
 
  Q4 2009 Company-owned comparable bakery-cafe sales up 7.4% (calendar basis)
 
  Q4 2009 operating margin up 130 bps over Q4 2008
 
  FY 2009 Company-owned new unit AWS of $37,618 hits highest mark in last six years
 
  Q1 2010 EPS target set at $0.74 to $0.76 (up 30% to 33% versus Q1 2009)
 
  FY 2010 EPS target set at $3.26 to $3.34 (up 17% to 20% versus FY 2009)
St. Louis, MO, February 11, 2010 — Panera Bread Company (Nasdaq: PNRA) today reported net income of $30 million, or $0.95 per diluted share, for the 13 weeks of the fourth quarter ended December 29, 2009, which included the net impact of $0.05 per diluted share of nonrecurring charges resulting from expected asset retirement activity. These results compare to net income of $26 million, or $0.84 per diluted share, for the 14 weeks of the fourth quarter ended December 30, 2008 and represent a 16% year-over-year increase in net income (with one less week in 2009).
For the 52 weeks of the fiscal year ended December 29, 2009, net income was $86 million, or $2.78 per diluted share. These results compare to net income of $67 million, or $2.22 per diluted share, for the 53 weeks of the fiscal year ended December 30, 2008 and represent a 28% year-over-year increase in net income (with one less week in 2009).
Investors should be aware the fiscal 2009 results were not impacted by the share repurchase program authorized in the fourth quarter of fiscal 2009 as the share repurchase activity in the fourth quarter of fiscal 2009 was negligible.
The Company’s fourth quarter and full year fiscal 2009 consolidated statements of operations and margin analysis are attached as Schedule I. The following tables set forth, for the periods indicated, certain items included in the Company’s consolidated statements of operations (in thousands, except per share data and percentages):
                         
    For the 13 Weeks Ended     For the 14 Weeks Ended     Percentage  
    December 29, 2009     December 30, 2008     Change  
 
                       
Total revenue
  $ 366,972     $ 357,812       3 %
Net income
  $ 29,696     $ 25,549       16 %
Diluted earnings per share
  $ 0.95     $ 0.84       13 %
Shares used in diluted EPS
    31,246       30,576          

 

 


The following information was filed by Panera Bread Co (PNRA) on Friday, February 12, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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