February 13, 2009 at 14:15 PM EST
Silver Lining: Panera Bread is Rising
Food business is a tough business in the best of circumstances. But these days it can be downright brutal. In addition the rising cost of raw ingredients the new frugality could put more than a dent in an operator’s bottom line. However this doesn’t necessarily mean that the food industry is cooked. This is where bakery-café operator Panera Bread (PNRA) comes in. Just check out it’s well-done fourth quarter.In the period ended December 30 the Missouri-based company reported earnings of $0.84 a share but made it clear that the number included $0.03 in charges. In short this was good ...
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