Pricing and traffic up at Panera Bread
Panera Bread (NASDAQ:PNRA) reports comparable bakery-cafe sales increased 5.3% in Q1 at company-operated stores. Total comparable sales growth came in at +2.6%, level with the consensus estimate.
Pricing was up 2% and transactions were 1.7% higher.
Digital sales accounted for 26% of sales during the quarter.
Cost of food and paper products -110 bps to 28.4% of sales.
Labor costs +140 bps to 33.4% of sales.
Operating profit rate +150 bps to 9.8%.
Pricing was up 2% and transactions were 1.7% higher.
Digital sales accounted for 26% of sales during the quarter.
Cost of food and paper products -110 bps to 28.4% of sales.
Labor costs +140 bps to 33.4% of sales.
Operating profit rate +150 bps to 9.8%.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.