Panera Bread

Financing

Flynn Group buys more Panera cafes

The world's largest restaurant franchise operator has acquired another 13 Panera Bread locations, bringing its total to 145 across nine states.

Food

Panera Bread is making a major change to its bakery menu

The fast-casual chain is launching a new bakery menu featuring a collection of pastries, cookies and cake.

The Bottom Line: The bakery/café chain is reportedly planning to sell Caribou and Einstein Bros. restaurant concepts three years after forming Panera Brands.

The chain's ongoing menu revamp continued this week with several new items, including Avocado Toast. And fan pressure has brought both Sesame and Blueberry bagels back.

The menu transformation is exceeding expectations, but the brand has been in headlines for lots of other reasons. EVP and COO Debbie Roberts takes on questions about the test of par-baked bread, dough facility closures, the data breach and more.

The fast casual's ongoing menu transformation continues this week with new breakfast items, including CinnaScrambles with egg, cheese and sausage on a cinnamon roll.

The fast-casual chain confirmed corporate files were accessed in a security incident in March. Workers, however, were not notified until mid-June, the lawsuits contend.

It will be the fast casual's second such facility to close this year.

The fast-casual chain confirmed the caffeinated drinks will be phased out, but did not specify the timing. The energy drinks have been blamed for two deaths.

The Bottom Line: The two fast-casual restaurant pioneers have diverged over the past five years, as the burrito chain has thrived while Panera hit a wall. Here's why.

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