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Ask the CEOs: Are You Raising Prices?

Ronald Shaich, Panera Bread chairman

Panera Bread (PNRA - Get Report) Chairman and former CEO Ronald M. Shaich: " We'll continue to adjust our pricing to reflect our underlying costs."

Panera Bread posted better-than-expected quarterly earnings as its profit and revenue surged, but Shaich said the company was not immune to commodity cost increases.

Panera instituted some modest price increases over the last few years to cover rising input costs. Shaich said the company rolled out price increases on select products in the first quarter last year after testing those increases in the prior October and November.

Shaich said Panera experienced higher costs in dairy and wheat, as well as significantly higher costs in coffee. He said Panera has historically been able to pass on underlying inflation costs to consumers. Food makes up about a third of the company's overall costs, he added.
Mosaic CFO Larry Stranghoener

Mosaic (MOS - Get Report) CFO Larry Stranghoener: "We like the supply-demand outlook. That doesn't mean it's not going to be a cyclical business with some ups and downs along the way, but we think the fundamentals should remain positive for some time to come. I think the biggest worry on the horizon would be if something happens in the world economy to cause demand for grains and oilseeds to somehow decline or grow at a lesser rate.

"About the only thing that comes to mind on that front is if the China story comes to a halt. China is a growth engine for so much of the world's economy when it comes right down to it. The same is true in the agricultural space. If something were to happen in China -- and it's hard to imagine what that might be -- but if there's something out there that causes their growth rate to tumble, I think that's the greatest external threat out there."

Rackspace (RAX - Get Report) CEO Lanham Napier: "It has always been a competitive market, [but] the cloud and hosting markets are not mature. I think that gives us a bit of a tailwind, but the trick here is not to abuse it."

Ingram Micro (IM - Get Report) CEO Gregory Spierkel: " We live in the IT sector, in a very competitive environment, all the time. [Competitive pricing pressure] is not worse now than it was a year ago or two years ago."

Have a question you'd like to see TheStreet ask the CEOs? Send it to Follow TheStreet on Twitter.
This article was written by staff members of TheStreet.
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