Panera ups 2010 outlook

Profit and revenue in 2Q increase by double digits

Panera Bread Co. raised its full-year fiscal 2010 outlook on Tuesday after reporting a 33-percent jump in net income for the second quarter, and a 14-percent jump in revenue from increased same-store sales and the addition of new locations.

For the quarter ended June 29, Panera earned $26.7 million, or 85 cents per share, compared with income of $20 million, or 65 cents a share, in the same quarter a year ago.

The Richmond Heights, Mo.-based operator and franchisor of fast-casua

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