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  • Panera profit rises 13.5 percent in Q4; CFO leaving
    Panera, better known locally as St. Louis Bread Co., reported profit of $42 million for the fourth quarter, up 13.5 percent from $37 million a year earlier. Revenue for the quarter ended Dec. 27 rose 16 percent to $495.8 million, compared with $428.2 million in the prior-year fourth quarter, the...
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St. Louis Business Journal
  • Panera profit rises 13.5 percent in Q4; CFO leaving
    Panera, better known locally as St. Louis Bread Co., reported profit of $42 million for the fourth quarter, up 13.5 percent from $37 million a year earlier. Revenue for the quarter ended Dec. 27 rose 16 percent to $495.8 million, compared with $428.2 million in the prior-year fourth quarter, the St. Louis-based bakery-cafe chain said. In addition, the company announced today that Jeff Kip, executive vice president and chief financial officer, will be leaving Panera effective March 15. He will join IAC/InterActiveCorp as its executive vice president and chief financial officer...


  • ESCO Technologies profit falls 52 percent in Q1
    ESCO Technologies Inc. officials said today that the company’s profit was $5.2 million on sales of $152.9 million for its fiscal first quarter, down 51.8 percent from a profit of $10.8 million on sales of $159.9 million during the same quarter a year earlier. Chairman and CEO Vic Richey said one reason for the first-quarter decline was timing, since a few large customer payments expected in late December weren’t received until the first week of January. “With the PG&E gas, New York City water and CFE (Mexico) projects winding down throughout 2011, coupled with the incremental SG&A (selling, general and administrative) investments we are making, we fully expected first quarter sales and EPS (earnings per share) to be lower than the prior year,” he said...


  • Fleishman-Hillard ups stake in Moscow joint venture
    Public relations giant Fleishman-Hillard Inc. said today that it has increased its stake in its Moscow-based joint venture, Fleishman-Hillard Vanguard, and now holds a majority interest. Financial terms weren't disclosed. Fleishman-Hillard Vanguard in Moscow, formed in 2007 by Fleishman-Hillard Inc. and Vanguard PR, has seen double-digit growth over the last year, the company said. The Russian firm's client base includes multinational companies as well as Russian organizations in commerce, industry and government...


  • Supervalu to cut 800 corporate and regional jobs
    Officials from Minneapolis-based Supervalu Inc. said Tuesday that the company is eliminating 800 jobs from its corporate and regional offices nationwide as part of its yearlong effort to cut costs and offer more competitive grocery prices. Supervalu (NYSE: SVU) said in a statement that the cuts include layoffs of current employees and open jobs that won’t be filled. The grocer expects most of the cuts to be done by Feb. 25, the end of the company’s fiscal year. Ten employees at the Shop ‘n Save headquarters in St...


  • McCarthy Building Cos. opens Collinsville office
    Officials at McCarthy Building Companies Inc. said today that the business is opening an office in Collinsville. McCarthy Director of Operations for Illinois Jeffery Boyer and McCarthy Director of Business Development Stacy Robben have relocated to the Collinsville office. Currently, the company doing more than $160 million of work for Good Samaritan Hospital in Mount Vernon, Ill., and is building a $28 million hospital for St. Joseph’s in Highland, as well as a new, $28.5 million student services building for Southern Illinois University at Carbondale...
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