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,