Panera Bread net income up 28 percent
Richmond Heights-based Panera Bread Co. reported a 28 percent increase in second-quarter net income compared with the same quarter a year earlier.
The company recorded net income of $20 million, or 65 cents a share, compared with $16 million, or 52 cents a share, a year ago. Quarterly income was impacted by a 2 cent per share charge for new china and a 2 cent per share charge for reserves associated with a sales tax audit cheap payday loan.