Panera's CEO unveiled a comeback plan—and it includes better ingredients like lettuce: ‘No one likes iceberg' [Yahoo! Finance]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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Source: Yahoo! Finance
Panera, once considered the gold standard in American fast-casual dining, has fallen behind competitors like Chipotle and Panda Express, with its sales dropping 5% to $6.1 billion last year. Carbone says the goal is to reach $7 billion in annual sales by 2028 behind “Panera RISE,” a new strategy intended to undo the chain's cost-cutting measures, which he dubbed “death by a thousand paper cuts.” The overhaul includes: Lettuce: Salads will be fully romaine again and no longer include iceberg. “No one likes iceberg,” said Carbone, who also may have been delivering a four-word review of Titanic . Salads will also have eight ingredients instead of the current five. Tomatoes: Starting next year, salads will contain sliced cherry tomatoes (rather than whole ones that were used to save money). Drinks: Frescas and “energy refresher” drinks (which have less caffeine than the ones that resulted in two wrongful death lawsuits ) are in the offing. Portions: The WSJ reports that Panera
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CMG
Earnings
- 10/29/25 - Beat
CMG
Sec Filings
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- 12/2/25 - Form 3
- CMG's page on the SEC website