Panera readies price hike, menu revamp to combat soft sales

Panera readies price hike, menu revamp to combat soft sales

RICHMOND HEIGHTS MO. Panera Bread Co. is striving to strengthen softening profit margins and ease investor dissatisfaction by employing a variety of initiatives to increase transactions and overall sales. —Bakery-cafe segment leader

Restaurant margins fell 2.6 percent in the third quarter ended Sept. 25, and earnings before interest and tax margins fell 2 percent. Though s

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