Business

market movers

Panera’s profit rises even as sales slow

On Dec. 31, Panera had 1,777 bakery-cafes. In 2014, it aims to open 115 to 125 more.

John Tlumacki/Globe Staff /File 2013

On Dec. 31, Panera had 1,777 bakery-cafes. In 2014, it aims to open 115 to 125 more.

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Panera Bread Co.’s fourth-quarter profit rose 5 percent to $54.2 million as higher tabs per customer helped same-store sales increase, even though fewer transactions were rung up. The restaurant chain’s revenue increased about 16 percent, year-over-year, to $662 million. Systemwide, net sales increased only 1.1 percent, lower than 4.9 percent in the year-earlier quarter and 1.3 percent in the third quarter.

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