date:Apr 25, 2013
Net income at Panera Bread Co. increased 17% in the first quarter of fiscal 2013, but fell short of analysts expectations, leading the companys share price down 6% in after-hours trading on April 23. Net income in the period ended March 26 was $48,117,000, equal to $1.65 per share on the common stock, up from $41,184,000, or $1.41 per share, in the same period a year ago. Fiscal 2013 results included a $2.2 million benefit from resolution of legal and tax matters, Panera said.
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