Panera profit up 25% in first quarter

Panera profit up 25% in first quarter

Panera Bread Co. posted Tuesday a 25.7-percent increase in first-quarter profit, crediting a 6.3 percent gain in systemwide same-store sales.

The St. Louis, Mo.-based company reported net income of $41.2 million, or $1.40 per share, for the quarter ended March 27, up from $32.8 million, or $1.09 per share, in the same period last year. Revenue rose 18.1 percent, to $498.6 million from $422.1 million in the year-ago quarter.

"We are very pleased with both our strong 7.5-perc

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