Posted in company, funds, sectors, tickers

Croissants & Cookies

Freshly baked cookies and croissants of all kinds are easily bought round the corner by people who live in major U.S. cities. How do cafés manage international franchises? Equally well, it seems. One lesser known restaurant owner is Panera Bread Co (PNRA) – headquartered in Saint Louis, Missouri, owns and franchises bakery cafes throughout the U.S. Its third quarter was hurt by the removal of two long-running panini sandwiches and higher up-front labor costs. But the restaurant owner is trading shares at $190.75, up +9.12% to date. Overall margins contracted as the bakery invested in wireless Internet technology and customized Panera 2.0. A group of six other restaurants had a median EBITDA margin expansion of 14% in the latest quarter, said.



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