Reuters reported in March 2024, citing internal documents, that Panera relaxed supplier standards, permitting some antibiotics in pork and turkey and animal-product feed for chicken and cattle. The documents estimated annual savings of $21 million. Panera said it maintained high ingredient standards and transparency; the reported changes came ahead of a planned IPO.
Sources
SAN ANTONIO, Texas (Reuters) -Fast-food chain Panera Bread has loosened its standards for animal welfare and so-called clean ingredients in its food ahead of a planned IPO, according to internal company documents seen by Reuters, shaving an estimated $21 million off its annual costs.