Industry News | December 19, 2002

Panera Bread November Systemwide Sales Increase

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Panera Bread Company (Nasdaq: PNRA) announced today that systemwide sales increased for both the four-week and eight-week periods ended November 30, 2002.

Systemwide comp sales rose 4.9% for the month of November and 5.5% for the combined October/November period. In both cases, franchised units outpaced company-owned units by more than double the increase in sales comps.

News and information presented in this release has not been corroborated by QSR, Food News Media, or Journalistic, Inc.