Panera Bread Q1 Profit Declines - Quick Facts

(RTTNews) - Panera Bread Company (PNRA) reported first-quarter net income of $42 million, or $1.55 per share, compared to $48 million, or $1.64 per share, a year ago.

On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $1.52 for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased to $605.34 million from $561.78 million. Analysts expected revenue of $597.44 million for the quarter.

The company targets second quarter earnings per share of $1.70 to $1.76. Analysts expect the company to report second-quarter earnings per share of $1.86.

Panera Bread narrowed its target range for fiscal 2014 earnings per share to $6.80 to $7.00. Analysts expect the company to report 2014 profit per share of $6.93.