Panera Nov. comps don't meet analyst expectations

Panera Nov. comps don't meet analyst expectations
Tags: Bakery Cafe
December 5, 2006

ST LOUIS — Panera Bread Company reported positive system-wide comparable bakery-cafe sales for the five weeks ended Nov. 28, 2006.

Company-owned stores reported comps increased 1.3 percent while franchise bakery cafés same-store sales rose 1.4 percent.

Those numbers were below stock watcher David Tarantino's estimates. In a Dec. 4 letter, the Baird analyst predicted November system-wide comps would increase 3.5 percent.

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