RICHMOND HEIGHTS Mo. Panera Bread Co. reported this week a 10-percent jump in its third-quarter net income, to $11.9 million, on a 33-percent jump in revenue from a year ago to $273.2 million. Margin pressure, however, led the company to predict no year-to-year growth in profit for the current fourth quarter. The chainâ€™s margins were squeezed by higher food costs and more sales coming from salads, which were less profitable than sandwiches or soups, the company said. The bakery-cafe ...
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Contact: Desiree Torres Desiree.Torres@penton.com