Panera 3Q profit up 26.5%

Panera 3Q profit up 26.5%

Panera Bread Co.’s third-quarter profit climbed more than 26.5 percent on strong same-store sales growth, the company said Tuesday.

The 1,504-unit St. Louis, Mo.-based bakery-café chain reported net income of $28.8 million, or 97 cents per share, for the third quarter ended Sept. 27 up from $22.8 million, or 75 cents per share, during the same period last year.

Revenue in the quarter rose 21.8 percent to $453.1 million from $372 million in the year-ago quarter.

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