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BUSINESS ANALYSIS DECADAL
: Panera Bread Co. operates two retail bakery cafe businesses and two franchising businesses under the concept names "Au Bon Pain" and "Saint Louis Bread Company." For the 16 weeks ended 4/15/00, sales fell 48% to $40.4M. Net income totalled $1.5M vs. a loss of $4.6M. Revenues reflectthe sale of the Au Bon Pain Division. Net income benefittedfrom improved gross margins and the absence of the $5.5M in non-recurring charges.
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