Panera cuts comp target for May

June 6, 2007

St. Louis Business Journal: Panera Bread Co. cut its systemwide same-store sales target for the second quarter to a range of 1.5 percent to 2.5 percent from 3.5 percent to 4.5 percent, the company said Wednesday.

Panera officials said they also revised the firm's second-quarter earnings target to a range of 38 cents to 40 cents.