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Panera says weather will affect 1st-Q profit

ST. LOUIS Bakery-café operator and franchisor Panera Bread Co. said Wednesday that its first-quarter, per-share profit will come in "at or modestly below" prior projections because of "extreme weather" that reduced same-stores sales and negatively impacted margins, especially through food and labor costs.

The company had expected to earn between 47 cents and 50 cents per share for the quarter ended March 27, which would have been flat to slightly up from year

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