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 [email protected].
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