“We continue to look for opportunities to deploy our capital to drive earnings growth and shareholder returns,” says Bill Moreton, president and co-chief executive officer. “Investing in our core business remains our No. 1 priority, and the board’s willingness to extend and refresh the repurchase program is a vote of confidence on the growth potential of Panera and its ability to continue to generate cash flow and deploy that cash to generate appropriate returns for our shareholders.”
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