Einstein Noah Restaurant Group Inc. reported on Thursday that its profit slipped 12.8 percent in the April 1-ended first quarter compared with the prior-year period. The Lakewood, Colo.-based company also raised its capital expenditure guidance for the year to between $30 million and $35 million to reflect an acceleration of its remodeling program. Michael Arthur, Einstein Noah’s interim president and chief executive, said in prepared remarks that a 12-unit remodeling initiative ...

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