Panera's already doing some great things that have translated into improved earnings, like expanding delivery and digital sales and the removal of many "taboo" ingredients from their food that has resonated with most customers. Compared to the rest of the industry, including Starbucks, Panera is doing extremely well. It's showing in their nearly 21% net income increase between the first quarters of 2016 and 2017, and a 5.3 percent jump in sales during the first quarter of 2017: a quarter where several chains saw only a one to two percent increase.