Panera Bread Co. reported an 11.9-percent decrease in profit for the April 1-ended first quarter compared to the prior-year period. The St. Louis-based company said “severe weather” impacted its restaurants, yielding a 0.1-percent increase in company-owned same-store sales. The company saw a transaction decline of 2.8 percent and check growth of 2.9 percent at its stores.
 
Panera owns and franchises 1,800 bakery-cafes under the Panera Bread, Saint Louis Bread Co. and Paradise Bakery & Café brands.
 

1Q NET INCOME

Result: $42.4 million, or $1.55 per share
% Decrease: 11.9% (from $48.1 million, or $1.64 per share)

1Q REVENUE

Result: $605.4 million
% Increase: 7.8% (from $561.8 million)

1Q SAME-STORE SALES

% Increase at corporate units: 0.1%

Source: Company report



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