Explaining why various constituents of your selected “comps” universe were deemed relevant

Panera Bread Comparable Companies Analysis

Create an exhibit applying selected trading

multiples of peers to Panera (selected from Exhibit 18 of the case) to derive a comparable

companies-based valuation of Panera, on a per share basis. Add qualitative commentary

Explaining why various constituents of your selected “comps” universe were deemed relevant

(i.e., why did you down-select companies from the longer list provided in the case?)