Panera Bread CEO Discusses Earnings and Commodity Prices on CNBC

Panera Bread

Ron Shaich appeared on CNBC discussing the company's quarterly earnings. He noted the following: -Inflation is becoming more moderate on year-over year basis. -Corn is the most important commodity because it drives everything else. -The company as bought back half of the $600M share buyback authorization. -Panera is contrarian. When the "boom-days" were happening the company pulled back and vice-versa. -The company is about building trust. Panera Bread is currently trading at $153.03, a gain of $11.12 or 7.84%