PNRA has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
PNRA has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Gross Margin % is calculated as gross profit divided by its revenue. Panera Bread Co's Gross Profit for the three months ended in Mar. 2017 was $163 Mil. Panera Bread Co's Revenue for the three months ended in Mar. 2017 was $728 Mil. Therefore, Panera Bread Co's Gross Margin % for the quarter that ended in Mar. 2017 was 22.36%.
The historical rank and industry rank for Panera Bread Co's Gross Margin % or its related term are showing as below:
Panera Bread Co had a gross margin of 22.36% for the quarter that ended in Mar. 2017 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Panera Bread Co was 0.00% per year.
The historical data trend for Panera Bread Co's Gross Margin % 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.
Panera Bread Co Annual Data | |||||||||||||||||||||
Trend | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | |||||||||||
Gross Margin % | Get a 7-Day Free Trial | 23.48 | 22.95 | 21.62 | 20.36 | 21.11 |
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 | |
Gross Margin % | Get a 7-Day Free Trial | 21.07 | 21.08 | 20.00 | 22.21 | 22.36 |
For the Restaurants subindustry, Panera Bread Co's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.
For the Restaurants industry and Consumer Cyclical sector, Panera Bread Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Panera Bread Co's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Panera Bread Co's Gross Margin for the fiscal year that ended in Dec. 2016 is calculated as
Gross Margin % (A: Dec. 2016 ) | = | Gross Profit (A: Dec. 2016 ) | / | Revenue (A: Dec. 2016 ) |
= | 590 | / | 2795.365 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (2795.365 - 2205.4) | / | 2795.365 | |
= | 21.11 % |
Panera Bread Co's Gross Margin for the quarter that ended in Mar. 2017 is calculated as
Gross Margin % (Q: Mar. 2017 ) | = | Gross Profit (Q: Mar. 2017 ) | / | Revenue (Q: Mar. 2017 ) |
= | 162.7 | / | 727.633 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (727.633 - 564.964) | / | 727.633 | |
= | 22.36 % |
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Panera Bread Co (NAS:PNRA) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Panera Bread Co had a gross margin of 22.36% for the quarter that ended in Mar. 2017 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Thank you for viewing the detailed overview of Panera Bread Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
From GuruFocus
By Mitchell Mauer Mitchell Mauer • 12-22-2016
By Mrinalini Chaudhuri Mrinalini Chaudhuri • 10-26-2016
By RHPanalysts RHPanalysts • 10-30-2014
By Sally Jones Sally Jones • 09-22-2013
By Holly LaFon Holly LaFon • 08-15-2017
By csconsultants csconsultants • 05-15-2015
By Holly LaFon Holly LaFon • 11-06-2013
By Tiziano Frateschi Tiziano Frateschi • 12-01-2017
By Dr. Paul Price Dr. Paul Price • 06-02-2014
By shash63 shash63 • 04-29-2014
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.