Panera: 'Severe weather' hurts 1Q sales, traffic

Panera: 'Severe weather' hurts 1Q sales, traffic

Net income for the company also fell during the quarter

Panera Bread Co. reported an 11.9-percent decrease in profit for the April 1-ended first quarter compared to the prior-year period. The St. Louis-based company said “severe weather” impacted its restaurants, yielding a 0.1-percent increase in company-owned same-store sales. The company saw a transaction decline of 2.8 percent and check growth of 2.9 percent at its stores.
 
Panera owns and franchises 1,800 bakery-cafes under the Panera Bread, Saint Louis Bread

Register to view the full article

Register to view this article

Already a member? .

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