Tight margins put squeeze on Panera’s profit outlook

RICHMOND HEIGHTS Mo. Panera Bread Co. reported this week a 10-percent jump in its third-quarter net income, to $11.9 million, on a 33-percent jump in revenue from a year ago to $273.2 million. Margin pressure, however, led the company to predict no year-to-year growth in profit for the current fourth quarter.

The chain’s margins were squeezed by higher food costs and more sales coming from salads, which were less profitable than sandwiches or soups, the compan

Register to view the full article

Register to view this article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish