Panera Bread Co. (PNRA)
by Zacks Equity ResearchAugust 29, 2012 | Comments : 0 Recommended this article: (0)
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at firstname.lastname@example.org or call 800-767-3771 ext. 9339.
Most importantly, Panera expects commodity inflation to cool down as the year progresses. We find Panera's second-quarter earnings and revenue beat, raise in full-year guidance for two consecutive quarters, the expectation of continued margin improvement and pricing power quite encouraging.
A more stable traffic growth compared to its restaurant peers also raises optimism. Hence, we upgrade our recommendation from Neutral to Outperform.
Please login to Zacks.com or register to post a comment.