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Panera surges to record as Wall Street eyes payoff from technology Feb 8, 2017
 

The sign on the hood of a delivery truck for Panera Bread Co. is seen in WestminsterShares of Panera Bread surged to a record high on Wednesday and were on track for the biggest one-day move in almost two years after the company gave an upbeat forecast and said technology investments at its restaurants were paying off. Recent investments to add ordering kiosks and other technology upgrades to Panera's retail locations are beginning to show results, company founder and Chief Executive Ron Shaich told analysts on a conference call late on Tuesday. Following the lead of Domino's Pizza and other pizza chains that have successfully used smartphone apps to drive growth, Panera said a quarter of its sales are now online.


 
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