date:Jul 26, 2013
l is moderating, said Ron Shaich, chairman and co-chief executive officer. Think of it this way: Wed suggest that in past years our comps have been performing relative to the industry at a score of 8 on a 10-point scale and are now performing at the level of a 6 or 7 on the same 10-point scale.
Elaborating further, he described comps and transaction trends at Panera as a tale of several different stories.
Indeed, late day comps have been up strongly at Panera for the last two quarters, he said