Panera Bread Same-Store Sales Edge Higher

Systemwide same-store sales rise 0.5% for the four weeks ended Sept. 6.
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Panera Bread

(PNRA)

said systemwide same-store sales at its bakeries increased 0.5% for the four weeks ended Sept. 6.

Average systemwide weekly sales, excluding closed locations, rose 1% to $35,802 for the four-week period, compared with $35,453 for the same period a year ago.

Same-store sales were hurt by sales lost during the power outage that hit the Northeast in mid-August. Panera estimated that those lost sales decreased the reported systemwide same-store sales by 0.5%.

Shares of Panera fell $1.60, or 3.5%, to $44.61 in

Nasdaq

trading Thursday.