Wednesday, 06 June 2007

UPDATE 3-Panera cuts 2nd-quarter earnings view; shares fall

(Reuters) - Chief Financial Officer Jeff Kip said demand for new items
that are more expensive to make -- such as breakfast souffles
and "artisan-quality" muffins and scones -- was pinching profit
margins, or how much out of sales a company keeps in earnings.




"Our core business is under pressure and the newer pieces
are doing well," he said.


Read more at Reuters.com Market News

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