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 chain‚Äôs 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