Panera Bread restaurant

Panera increases 2016 guidance after strong 1Q

Bakery-café chain’s same-store sales grow 4.7 percent during the quarter

Panera Bread Co. profit increased 10.1 percent in the first quarter ended March 29, with systemwide same-store sales rising 4.7 percent, the company reported Tuesday.

“Our growth in same-store sales and transactions was the best we generated in four years, and we outperformed the BlackBox all-industry composite by the widest margin we have ever recorded,” Ron Shaich, Panera CEO and chairman, said in a statement.

The St. Louis-based bakery-café operator r

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