Einstein Noah 1Q profit slips 12.8%

Einstein Noah 1Q profit slips 12.8%

Company accelerates remodeling program to enhance brand

Einstein Noah Restaurant Group Inc. reported on Thursday that its profit slipped 12.8 percent in the April 1-ended first quarter compared with the prior-year period.

The Lakewood, Colo.-based company also raised its capital expenditure guidance for the year to between $30 million and $35 million to reflect an acceleration of its remodeling program.

Michael Arthur, Einstein Noah’s interim president and chief executive, said in prepared remarks that a 12-

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