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Shares of Panera (NASDAQ: PNRA ) traded down Tuesday how to make a doorbell after the company reported it's Chief Financial Officer, Roger Matthews, will step down at the end of August, ending his 18-month tenure with the company.
Panera last week reported $1.82 in EPS vs. expectations of $1.75, on revenue of $631 million vs. expectations of $640.78 million. how to make a doorbell The company also guided its FY2014 EPS down in light of higher than expected input costs.
Oppenheimer acknowledged the unease delivered to investors when an unexpected how to make a doorbell management change is announced, although the research company does not view this action as alarming. Oppenheimer would like to see Executive Vice Chairman Bill Moreton eventually fill the CFO position.
Deutsche Bank highlighted the difficult timing of Matthews departure. The firm said Panera is repositioning itself, while financial results "been on the decline and difficult to forecast."
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