Panera Bread Co. recently posted first quarter 2011 earnings of $1.09 per share, surpassing the Zacks Consensus Estimate of $1.07 as well as the prior-year quarter earnings of 82 cents. Better-than-expected results were driven by double-digit growth in the top line.
Inside the Headline Numbers
The restaurant chain reported total revenue of $422.1 million in the first quarter, up 16% year over year. However, total revenue failed to beat the Zacks Consensus Estimate of $423.0 million.