Panera Bread's Stock Drops Despite Higher Profits

Even though Panera Bread's (Nasdaq: PRNA) profit jumped 17.1 percent in its third quarter ending September 24, its stock dropped when it announced earnings on Tuesday, October 22. Shares in Panera fell 3.2 percent to $157.28 per share in after-hours trade because sales at company-owned bakery cafes open at least 18 months rose just 1.7 percent, compared with analysts' expectations for a 2.7 percent increase. Story

Suggested Articles

Costco changes up its menu items, and Alibaba and Guess partner for a physical store.

Janey Whiteside, Walmart's new chief customer officer, is well acquainted with the importance of customer service in modern retail.

Whole Foods will offer deals on Amazon's Prime Day, and tariffs against China are causing pricing hikes.