Panera Sees Encouraging Sales Increases

Panera Bread Company (Nasdaq: PNRA – News) today reported that system-wide comparable bakery-cafe sales (excluding the one specialty bakery-cafe and closed locations) increased 5.2% for the four weeks ended July 13, 2002 and 6.7% for the second quarter ended July 13, 2002.

Average system-wide weekly sales (excluding the one specialty bakery-cafe and closed locations) increased 4.6% to $33,560 for the four weeks ended July 13, 2002, compared to $32,092 for the four weeks ended July 14, 2001. Average system-wide weekly sales (excluding the one specialty bakery-cafe and closed locations) increased 6.3% to $34,650 for the twelve weeks ended July 13, 2002, compared to $32,590 for the twelve weeks ended July 14, 2001.

Sales Increase for Panera Bread
In the four week period ended July 13th, the bakery-café reported a 5.2 percent increase in comparable same-store sales, and a 6.2 percent increase in its second quarter

In the four week period ended July 13th, the bakery-café reported a 5.2 percent increase in comparable same-store sales, and a 6.2 percent increase in its second quarter

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