GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Panera Bread Co (NAS:PNRA) » Definitions » EBIT

Panera Bread Co (Panera Bread Co) EBIT : $250 Mil (TTM As of Mar. 2017)


View and export this data going back to 1991. Start your Free Trial

What is Panera Bread Co EBIT?

Panera Bread Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2017 was $69 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $250 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Panera Bread Co's annualized ROC % for the quarter that ended in Mar. 2017 was 18.11%. Panera Bread Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2017 was 34.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Panera Bread Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2017 was 3.50%.


Panera Bread Co EBIT Historical Data

The historical data trend for Panera Bread Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Panera Bread Co EBIT Chart

Panera Bread Co Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 284.08 313.77 279.12 240.40 238.38

Panera Bread Co Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.88 60.12 51.81 69.57 68.72

Competitive Comparison of Panera Bread Co's EBIT

For the Restaurants subindustry, Panera Bread Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Panera Bread Co's EV-to-EBIT Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Panera Bread Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Panera Bread Co's EV-to-EBIT falls into.



Panera Bread Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $250 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Panera Bread Co  (NAS:PNRA) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Panera Bread Co's annualized ROC % for the quarter that ended in Mar. 2017 is calculated as:

ROC % (Q: Mar. 2017 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2016 ) + Invested Capital (Q: Mar. 2017 ))/ count )
=286.024 * ( 1 - 35.73% )/( (1014.061 + 1015.872)/ 2 )
=183.8276248/1014.9665
=18.11 %

where

Invested Capital(Q: Dec. 2016 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1301.611 - 424.45 - ( 105.529 - max(0, 448.321 - 311.421+105.529))
=1014.061

Invested Capital(Q: Mar. 2017 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1299.361 - 366.667 - ( 153.355 - max(0, 394.586 - 311.408+153.355))
=1015.872

Note: The Operating Income data used here is four times the quarterly (Mar. 2017) data.

2. Joel Greenblatt's definition of Return on Capital:

Panera Bread Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2017 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2017 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2016  Q: Mar. 2017
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=274.896/( ( (802.759 + max(-225.2, 0)) + (806.078 + max(-214.427, 0)) )/ 2 )
=274.896/( ( 802.759 + 806.078 )/ 2 )
=274.896/804.4185
=34.17 %

where Working Capital is:

Working Capital(Q: Dec. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(112.923 + 23.775 + 69.194) - (424.45 + 6.642 + 5.6843418860808E-14)
=-225.2

Working Capital(Q: Mar. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(69.014 + 22.045 + 66.994) - (366.667 + 5.813 + 5.6843418860808E-14)
=-214.427

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2017) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Panera Bread Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2017 )
=250.225/7154.290
=3.50 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Panera Bread Co EBIT Related Terms

Thank you for viewing the detailed overview of Panera Bread Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Panera Bread Co (Panera Bread Co) Business Description

Traded in Other Exchanges
N/A
Address
Panera Bread Co Inc owns and franchises bakery cum cafes various locations in the United States and Canada. These cafes are operated under the brand's names Panera Bread, Saint Louis Bread Co., and Paradise Bakery & Café. Their menu offerings include baked goods, sandwiches, soups, pasta dishes, salads, and cafe beverages. They also provide catering services by the Panera brand that offer breakfast assortments, sandwiches, salads, soups, pasta dishes, drinks, and bakery items. Segments through which business is conducted include company Bakery-Cafe Operations segment, Franchise Operations segment, and Fresh Dough and Other Product Operations segment. Revenues are generated from bakery cum cafe sales, royalties and fees from franchises, and fresh dough and other product sales.
Executives
Diane Hessan director 2 BATTERY WHARF, #2510, BOSTON MA 02109
James D White director C/O CAVA GROUP, INC., 202-400-2920 14 RIDGE SQUARE NW, SUITE 5, WASHINGTON DC 20016
Thomas E Lynch director 382 GREENWICH AVE, SUITE ONE, GREENWICH CT 06830
Andrew H Madsen officer: President 520 ZANG ST., UNIT D, BROOMFIELD CO 80021
Louis Dipietro officer: SVP, General Counsel 35 PARK STREET, NORFOLK MA 02056
Jeffrey W Kip officer: EVP, Chief Financial Officer 3630 SOUTH GEYER ROAD, SUITE 100, ST LOUIS MO 63127
Patricia Gray officer: SVP, Chief Legal Officer C/O AMERICAN SCIENCE AND ENGINEERING INC, 829 MIDDLESEX TURNPIKE, BILLERICA MA 01821
Yanofsky Neal officer: President 6710 CLAYTON ROAD RICHMOND HEIGHTS MO 63117

Panera Bread Co (Panera Bread Co) Headlines

From GuruFocus

Panera Bread Gets Tastier

By Mrinalini Chaudhuri Mrinalini Chaudhuri 08-19-2016

Why Panera Bread's Pullback Is an Opportunity

By Naman Shukla Naman Shukla 10-31-2016

Do Not Invest in What You Know

By Mitchell Mauer Mitchell Mauer 12-22-2016

Panera Bread Looks Tasty

By Mrinalini Chaudhuri Mrinalini Chaudhuri 02-17-2016

Mario Gabelli Comments on Panera Bread Co.

By Holly LaFon Holly LaFon 08-15-2017

Baron Funds Comments on Panera Bread Co.

By Holly LaFon Holly LaFon 11-06-2013

Panera Bread Agrees to JAB Holding Buyout

By Sydnee Gatewood Sydnee Gatewood 04-06-2017

Is This Baker Ready to Play?

By Damian Illia Damian Illia 02-24-2014

What's Happening in the Fast-Casual Dining Industry?

By Anum Yoon Anum Yoon 11-10-2016