financetom
Business
financetom
/
Business
/
Food safety nonprofit's lawsuit claims Panera Bread misled consumers, citing Reuters
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Food safety nonprofit's lawsuit claims Panera Bread misled consumers, citing Reuters
Mar 26, 2026 12:20 PM

(Fixes typo)

By Waylon Cunningham

March 26 (Reuters) - A food safety and animal welfare nonprofit filed suit against Panera Bread last week based on Reuters reporting, claiming the company misled consumers about Panera's meat products.

Food Animal Concerns Trust filed suit against the fast casual chain on March 20 in a local court in Washington D.C., citing Reuters reporting in 2024 on internal company documents about how the company loosened ingredient standards to save an estimated $21 million ahead of a planned IPO. 

The lawsuit claims Panera Bread positioned itself as a leader on antibiotic-free ad humane sourcing for years before withdrawing those policies while continuing to market itself on those grounds. The lawsuit cites among others Panera's decade-old commitment to eventually use chickens from suppliers that provide sufficient living space to the livestock. Panera reported last year that none of its chicken supply came from suppliers that meet the company's standard. 

Panera Bread's chief corporate affairs officer Brooke Buchanan said in a statement: "We take animal welfare seriously at Panera and our beliefs on animal health and welfare are clearly stated on our website." 

Based near St. Louis, Panera has more than 2,000 stores in the U.S. and Canada. It was acquired and taken private in 2017 for $7.5 billion by Luxembourg-headquartered private equity firm JAB Holdings. In late 2023, the company filed for an initial public offering, though it remains private.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
P&G plans to downplay its corporate name in ads during Paris Olympics
P&G plans to downplay its corporate name in ads during Paris Olympics
May 14, 2024
NEW YORK, May 14 (Reuters) - What is missing from the Paris 2024 Olympics? A tear-jerking corporate advertising campaign from Procter & Gamble ( PG ) saluting the mothers of athletes. The consumer products maker, one of the world's biggest ad spenders and a sponsor of the Olympics, is instead focusing its marketing at the Games on its individual brands...
Sony Surpasses Expectations with Strong Q4 Sales, Plans Stock Split And Stock Buyback
Sony Surpasses Expectations with Strong Q4 Sales, Plans Stock Split And Stock Buyback
May 14, 2024
Sony Group Corp ( SONY ) reported fiscal fourth-quarter 2023 sales growth of 14% year-on-year to $23.49 billion (3.48 trillion Japanese yen), beating the analyst consensus estimate of $19.20 billion.  EPS of $1.04 (153.60 yen) beat the analyst consensus estimate of $0.79. The stock price climbed after the print. Segments & Profits: Game & Network Services (G&NS) revenue increased 2.2% Y/Y to ¥1.1 trillion, and operating income climbed 172.5% Y/Y to ¥106...
Tesla strike in Sweden heats up as nation's largest union joins fray
Tesla strike in Sweden heats up as nation's largest union joins fray
May 14, 2024
* Country's biggest union joins labour dispute against Tesla * Unions see the fight as vital to protect unique labour model * Tesla and Musk refuse to sign collective agreements * Unionen may escalate efforts if action is circumvented By Marie Mannes STOCKHOLM, May 14 (Reuters) - Sweden's biggest union on Tuesday threw its weight behind a six-month-old strike by...
Smith Douglas Homes Q1 Revenue Rises
Smith Douglas Homes Q1 Revenue Rises
May 14, 2024
08:15 AM EDT, 05/14/2024 (MT Newswires) -- Smith Douglas Homes ( SDHC ) reported Q1 earnings Tuesday of $0.33 per diluted share. Analysts polled by Capital IQ estimated earnings of $0.37. Home closing revenue for the period ended March 31 rose to $189.2 million from $168.1 million a year earlier. Analysts polled by Capital IQ expected $187.7 million. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved