Narrow-moat Panera's strong finish to 2016 solidified its position as one of the restaurant operators best equipped to accommodate evolving consumer expectations regarding value, convenience, health, and technology. While the Panera 2.0 technology and operational improvements were a big factor behind 3% comps at company-owned locations--outpacing industry trends by more than 5 points based on multiple third-party sources--we have confidence that Panera's top-line outperformance will continue int...
Narrow-moat Panera's strong finish to 2016 solidified its position as one of the restaurant operators best equipped to accommodate evolving consumer expectations regarding value, convenience, health, and technology. While the Panera 2.0 technology and operational improvements were a big factor behind 3% comps at company-owned locations--outpacing industry trends by more than 5 points based on multiple third-party sources--we have confidence that Panera's top-line outperformance will continue int...
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