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The Independent UK

Business

Graig Graziosi

Panera plans to clear $7B in sales by 2028 in effort turn around earnings slump

Panera Panera Bread CNBC

Quick service restaurant chain Panera Bread Company is launching a plan to clear $7 billion in sales by 2028 after a recent earnings slump.

According to data estimates from Technomic reported by Nation's Restaurant News, Panera Bread's sales fell 5.1 percent to $6.1 billion in 2024. The company fell to number three on the list of the nation's top fast-casual chains — just behind Chipotle and Panda Express — after enjoying the top spot for years, according to CNBC.

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