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Stock impact report

Panera Bread releases first-ever value menu with ‘Mix & Match' deals [CNBC]

McDonald's Corporation (MCD) 
Last mcdonald's corporation earnings: 4/30 06:58 am Check Earnings Report
Company Research Source: CNBC
The chain is in the early stages of a turnaround, and affordability is a key part of CEO Paul Carbone's strategy for Panera. Each of the 10 items on the “Mix & Match” menu is priced at $4.99, and diners have to buy at least two items. A steak sandwich and French onion soup from Panera Bread Co. arranged in the Queens borough of New York, US, on Tuesday, Dec. 12, 2023. Bing Guan | Bloomberg | Getty Images Panera Bread is entering the so-called value wars with its new “Mix & Match” deals in a bid to win back price-conscious diners. The chain, known for its soups, salads and sandwiches, is in the early stages of a turnaround, with a focus on reinvesting in its business and reversing years of traffic declines. Once the top fast-casual brand in the U.S., Panera has fallen to No. 3, ceding the top spots to Chipotle Mexican Grill and Panda Express. In 2024, Panera's sales fell 5% to $6.1 billion, according to Technomic estimates. A key part of Panera's comeback strategy is foc Show less Read more
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