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Fly News Breaks for July 29, 2015
PNRA
Jul 29, 2015 | 07:27 EDT
After Panera reported lower than expected Q2 EPS but its comps beat expectations, Bernstein says the comp beat is more important. The firm is also pleased that Panera's July comp is running ahead of Q3 expectations, and it believes that the company's Panera 2.0 initiatives are beginning to gain traction. Bernstein keeps an Outperform rating.
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