PANERA BREAD CO. REPORTS SALES UP FOR MAY

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(June 8, 2001) -- Panera Bread Co. posted a 7.3% increase in sales at restaurants open at least a year for the four weeks ended May 19. The bakery cafe earlier this week reported a 7.3% boost in comparable store sales for the quarter ended April 21, and a 5.7% gain in net income over the same prior period. Average unit volume also grew 12.7% to $1.5 million for company-owned units and 9.2% to $1.7 million for franchised units. -- Kate MacArthur

Copyright June 2001, Crain Communications Inc.

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