Panera Bread Co. said Thursday that its board has approved a new three-year share repurchase program of up to $600 million. The new program will replace the old one, which was scheduled to expire on June 4, 2017. Panera shares are inactive in after-hours trading, but are up 6.4% for the year so far. The S&P 500 is down 0.2% for the year to date.
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