Panera: 'Severe weather' hurts 1Q sales, traffic

Panera Bread Co. reported an 11.9-percent decrease in profit for the April 1-ended first quarter compared to the prior-year period. The St. Louis-based company said “severe weather” impacted its restaurants, yielding a 0.1-percent increase in company-owned same-store sales. The company saw a transaction decline of 2.8 percent and check growth of 2.9 percent at its stores.