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Fly News Breaks for July 28, 2016
PNRA
Jul 28, 2016 | 07:57 EDT
Bernstein analyst Sara Senatore says that Panera's Q2 results and Q3 commentary show that its outperformance versus its peers is widening. The analyst says that the success of Panera 2.0 and the ramping of its delivery initiative are driving the outperformance. She thinks the company is better positioned to take share and increase its revenue than most of its peers, and she expects ROIC to rise over time as investments decrease. She keeps an Outperform rating on the shares. .
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