Whopping wheat prices whipping Panera worse than bakery rivals

Whopping wheat prices whipping Panera worse than bakery rivals

While soaring commodity costs are wreaking havoc on many restaurant companies, the hyperinflation of wheat has severely affected the restaurant-level margins—and the parent company’s earnings—at bakery-cafe segment leader Panera Bread Co.

Meanwhile, segment rivals like Einstein Noah Restaurant Group Inc. and Così Inc. were able to post improved first-quarter results chiefly on higher sales and their proactive cost controls

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