Panera39s FastLane Kiosk

Panera's FastLane Kiosk

Panera to extend upgrades to 300 more units

Cost of Panera 2.0 program weighs on earnings, executives said

Panera Bread Co. plans to convert as many as 300 more restaurants to its enhanced-technology Panera 2.0 format this year, executives said Thursday.

The St. Louis-based bakery-café operator has already installed Panera 2.0 in about 100 units. The cost of the upgrades is expected to weigh on earnings, officials said during a fourth-quarter call with analysts. The company forecasts earnings growth to be flat to the low single digits for 2015.

Ron Shaich, Panera’s founder,

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