"Bread" originally peaked at US No.127 on the Billboard Pop Albums chart. The re-recorded track "It Don't Matter to Me" was issued as a single after the release of Bread's second album, "On The Waters", and the US No.1 success of "Make It with You" in the summer of 1970. "It Don't Matter to Me" peaked at US No.10 on Billboard's Pop Singles chart.

The album's cover, with whimsical depictions of the band members photos on paper currency, refers to contemporary slang equating "bread" to money.