Published May 19, 2016 4:24pm EDT | Updated May 19, 2016 5:04pm EDT

Panera Bread Approves $600 Million Share Repurchase Program

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.