Panera lowers wheat costs for part of ‘09

RICHMOND HEIGHTS Mo. Panera Bread Co. said it has locked into a cost of $10 per bushel for 95 percent of the wheat it expects to purchase during the first half of fiscal 2009, or a third less than the company paid on average during the comparable periods of the current year.

The franchisor or operator of 1,185 bakery-cafes also said Wednesday that it had raised its projections for company restaurants’ second-quarter comparable sales. Panera said same-store

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