Replies to post #275495 on *SCALPSWINGSTRADDLE* ($$$)

[Zephyr]

PNRA Panera Bread raises Q1 and FY10 guidance


Co raises guidance for Q1 (Mar), sees EPS of $0.81-0.82 vs. $0.77 Thomson Reuters consensus, up from $0.74-0.76 previously, with co-owned same-store cafe comps of +10%, franchise operated comps of +9%. Co raises guidance for FY10 (Dec), sees EPS of $3.40-3.44 vs. $3.44 Thomson Reuters consensus, up from $3.26-3.34 previously. The co is raising its fiscal 2010 Company-owned comparable bakery-cafe sales growth target to 6.5% to 7.5% from the 4.5% to 6.5% target range provided in February. "Our 10% growth in comparable bakery-cafe sales in Q1 and our anticipated 42% to 44% increase in EPS in Q1 2010, on top of the 39% year-over-year growth in EPS we generated Q1 2009, validates our commitment to invest in our business to benefit the customer in the face of the recession. Simply put, our strategy is working and our customers are responding to Panera with enthusiasm."

[napolm01]

that is typical of aapl, they do that every quarter... they always guide down..