date:Jul 26, 2013
Net income at Panera Bread Co. increased 16% in the second quarter of fiscal 2013, while sales rose 11%, but executives with the quick-casual restaurant chain expressed modest disappointment with the results, which failed to meet expectations, especially in the morning day-part. Net income in the period ended June 25 was $51,042,000, equal to $1.75 per share on the common stock, up from $44,137,000, or $1.51 per share, in the same period a year ago.
Total revenue in the quarter increased to $58