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Panera Credits Loyalty Program as One Reason For 3Q Results

hares of Panera Bread Co. shot higher on Wednesday, a day after the bakery-cafe chain reported a stronger-than-expected 27 percent jump in net income in the third quarter as customers spent more at its restaurants. The company’s loyalty program and increased marketing spending are helping drive growth, said Wedbush analyst Nick Setyan in a research note.

Sallie Burnett
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