Higher prices help Panera boost 3rd-Q profit

ST. LOUIS With increased menu prices, a focus on higher-profit offerings and the discontinuation of the chain’s failed Crispani pizza line, Panera Bread Co. succeeded at what many restaurant companies have failed to do in this latest quarter: post increased profit, margins and revenues.

For the third quarter ended Sept. 25, Panera posted a 15-percent increase in net income, to $13.7 million, or 45 cents per share, compared with year-ago earnings of $11.9 million

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