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Published February 18, 2014, 04:20 PM

Panera Bread says bad weather hurt first-quarter sales

Panera Bread Co gave a disappointing profit forecast for the current quarter after blaming inclement weather for hurting customer visits to its bakery cafes.

By: Reuters, INFORUM

Panera Bread Co gave a disappointing profit forecast for the current quarter after blaming inclement weather for hurting customer visits to its bakery cafes.

The news dragged its shares down 1.4 percent in after-hours trade on Tuesday.

The company expects earnings of $1.49 per share to $1.55 per share in the first quarter. It said sales at company-owned bakery cafes open at least 18 months were down about 2.2 percent in the first 48 days of the period.

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