- Panera's (NASDAQ:PNRA) new buyback program replaces an existing program that was set to expire in August. It's good for repurchasing 14% of shares at current levels.
- Panera only had $101M in cash/equivalents as of April 1; the company will likely need to tap debt markets if it wants to make aggressive use of its buyback program.
- Earlier: Franchisees back Panera 2.0