Panera Gets Pounded
Investors lost their appetite for Panera Bread (PNRA) after the chain of casual bakery-cafes cut its same-store sales growth target for the second quarter from 3.5%-4.5% to 1.5%-2.5%. The eatery also said its margins are under pressure because of a "mix shift" away from products made in its fresh dough facilities, along with higher gasoline and other input costs.
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