Price change: PNRA, Panera, crushing earnings sending the stock up by $17.09 to $132.82 (14.8%)
Thesis: Regardless of a slowdown globally, the high-growth food stocks have been on fire as PNRA beats top and bottom line.
Bottom line: Panera is hitting on all the right cylinders as they beat on the top and bottom line. Their bottom line came in at $.97 vs street estimates of $.94. They also crushed their revenues up from $372 million last year to $453 million this year. Panera also lifted their Q4 guidance and estimates for next year to $5.38-$5.48 above analysts $5.29 per share. The stock hit new all-time highs today of $138.58 before profit takers came in. The run-up in CMG, Chipotle, should have a good sign that Panera would report good earnings and trade higher after earnings.
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Tags: Andrew Keene, Panera (PNRA)


















