Panera Bread Co. reported Thursday a 23-percent increase in fourth quarter profit, as sales surged on increased traffic and higher menu prices. For the quarter ended Dec. 28, Panera booked earnings of $37 million, or $1.21 per share, compared with year-earlier earnings of $30 million, or 95 cents a share. Total revenue rose 17 percent to $428.2 million. Panera owns or franchises 1,453 bakery-cafes. Its systemwide same-store sales increased 5.8 percent for the fourth quarter. Panera said ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!