Panera posts strong Q2 same-store sales

ST. LOUIS — Panera Bread Company reported a solid second quarter.

 

The company said company-owned same-store sales increased 3.7 percent while franchise same-store sales increased 3.5 percent.

 

Panera's revenue increased 30 percent to $197 million for the quarter ended June 27, which is up from $152 million last year.

 

According to a press release, 43 new bakery-cafes were opened (18 company-owned and 25 franchise-operated) and one franchise-operated bakery-cafe was closed.