Exhibit 99.1
Contact:   Michele Harrison
Vice President, Investor Relations (314-984-4966)
Panera Bread Company Reports Fiscal 2010 diluted EPS of $3.62, up 30% over Fiscal
2009, on 7.9% Growth in System-Wide Comparable Net Bakery-Cafe Sales
HIGHLIGHTS
  Q4 2010 Diluted EPS grew 27% versus Q4 2009 to $1.21
 
  Record level Company-owned new bakery-cafe AWS of $40,808 in 2010
 
  Q4 2010 Company-owned comparable net bakery-cafe sales up 5.2%
 
  Q1 2011 EPS target set at $1.06 to $1.08 (up 29% to 32%)
 
  Full Year 2011 EPS target increased to $4.40 to $4.45 (up 22% to 23%)
St. Louis, MO, February 10, 2011 — Panera Bread Company (Nasdaq: PNRA) today reported net income of $112 million, or $3.62 per diluted share, for the fifty-two weeks ended December 28, 2010. These results compare to net income of $86 million, or $2.78 per diluted share, for the fifty-two weeks ended December 29, 2009, and represent a 30% year-over-year increase in diluted earnings per share.
For the fourth quarter ended December 28, 2010, net income was $37 million, or $1.21 per diluted share. The fourth quarter of fiscal 2010 results compare to net income of $30 million, or $0.95 per diluted share, for the fourth quarter ended December 29, 2009, and represent a 27% year-over-year increase in diluted earnings per share.
The Company’s full year and fourth quarter fiscal 2010 consolidated statements of operations and margin analyses 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 52 Weeks Ended     Percentage  
    December 28, 2010     December 29, 2009     Change  
 
Total revenue
  $ 1,542,489     $ 1,353,494       14 %
Net income
  $ 111,866     $ 86,050       30 %
Diluted earnings per share
  $ 3.62     $ 2.78       30 %
Shares used in diluted EPS
    30,922       30,979          
                         
    For the 13 Weeks Ended     Percentage  
    December 28, 2010     December 29, 2009     Change  
 
Total revenue
  $ 428,161     $ 366,972       17 %
Net income
  $ 36,520     $ 29,696       23 %
Diluted earnings per share
  $ 1.21     $ 0.95       27 %
Shares used in diluted EPS
    30,092       31,246          

 

 


The following information was filed by Panera Bread Co (PNRA) on Friday, February 11, 2011 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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