Industry News | June 24, 2004

Panera Sales Drop

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Panera Bread's system-wide comparable bakery-cafe sales decreased 0.9% for the four weeks ended June 12, 2004. Company stores were down 0.1%, while franchises were down 1.3%.

The chain has likely been hurt by the current low-carb craze. It recently introduced a line of low-carb items in response.