Panera Bread 2015 Annual Report Download - page 7

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Matters discussed in this annual report to stockholders, including the preceding letter to our stockholders, and in
our public disclosures, whether written or oral, relating to future events or our future performance, including
any discussion, expressed or implied, regarding our intention to repurchase shares from time to time under the
share repurchase program and the source of funding of such repurchases, our refranchising activities, our
anticipated growth, operating results, future earnings per share, plans, objectives, and the impact of our
investments in sales-building initiatives and operational capabilities on future sales and earnings, contain
forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. These statements are
often identified by the words “believe”, “positioned”, “estimate”, “project”, “plan”, “goal”, “target”,
“assumption”, “continue”, “intend”, “expect”, “future”, “anticipate”, and other similar expressions, whether
in the negative or the affirmative, that are not statements of historical fact. These forward-looking statements are
not guarantees of future performance and involve certain risks, uncertainties, and assumptions that are difficult
to predict, and you should not place undue reliance on our forward-looking statements. Our actual results and
the timing of certain events could differ materially from those anticipated in these forward-looking statements as
a result of certain factors, including, but not limited to, those set forth under “Risk Factors” in Item 1A of our
enclosed Annual Report on Form 10-K and in our other public filings with the United States Securities and
Exchange Commission, or SEC. All forward-looking statements and the internal projections and beliefs upon
which we base our expectations included in this report or our filings with the SEC represent our estimates as of
the date made and should not be relied upon as representing our estimates as of any subsequent date. While we
may elect to update forward-looking statements at some point in the future, we expressly disclaim any obligation
to update any forward-looking statements, whether as a result of new information, future events, or otherwise.