Panera Nov. comps don't meet analyst expectations

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.