Panera Bread Co. reported on Tuesday a 17.1-percent increase in profit for the Sept. 24-ended third quarter. The St. Louis-based fast-casual chain added 17 new company-owned bakery-cafés and 15 franchise-operated units during the quarter, bringing the total to 1,736 systemwide.
 

NET INCOME

Result: $42.8 million, or $1.48 per share
% Increase: 17.1% (from $36.5 million, or $1.24 per share)

REVENUE

Result: $572.4 million
% Increase: 8.2% (from $529.3 million)

SAME-STORE SALES

% Increase systemwide: 1.3%


% Increase at company-owned units: 1.7%


% Increase at franchised units: 0.9%


Source: Company report



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Contact Ron Ruggless at ronald.ruggless@penton.com.
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