Panera's 4Q earnings increase 5.8%

Panera Bread Co. on Tuesday said profit increased 5.8 percent in the fourth quarter after special charges, and same-store sales rose at both its corporate-owned and franchised locations.

The 1,541-unit St. Louis, Mo.-based bakery-café chain said earnings for the quarter ended Dec. 27, 2011, rose to $38.6 million, or $1.31 per share, up from $36.5 million, or $1.21 per share, in the prior-year period.

Revenue was up 15.8 percent, to $495.8 million from $428.2 in the year-a

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