Shop Talk

Retailers, consumers and prices

Check Out Line: Restaurants offer earnings to digest

July 28, 2010

panerabreads1Check out the latest earnings on the menu from restaurant chains. 

Panera Bread and P.F. Chang’s China Bistro have served up higher earnings, although Panera was slightly above expectations and P.F. Chang’s slightly below.

Panera, which sells bread, salads and sandwiches, said revenue rose but predicted lower-than-expected earnings for the current quarter.

P.F. Chang’s, which runs its namesake chain as well as Pei Wei, said higher menu prices helped boost the chain’s profits but analysts pointed to heavier promotions for the missed expectations. However, demand was better than Wall Street had expected at the Bistro restaurants and the company reaffirmed its outlook for the full-year profit.

Also in the basket:

Jones Apparel profit beat Street on strong sales

CVS reports lower earnings and cuts outlook

Coca-Cola Enterprises tops view; outlook beats

Guess to open 13,000-square-foot flagship store in New York (WWD, subscription required)

(Reuters photo of Panera Bread employee)

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