Financial Analysis of Panera Bread Company
Financial Analysis of Panera Bread Company
Stock ticker symbol: PNRA
Exchange where traded: NASDAQ Stock Market, Inc.
Headquarters Address: 3630 S. Geyer Road, St. Louis, MO 63127
Tel: (314) 984-1000
I Company Overview
General information
Panera Bread Company is one of the largest food service companies in the United States which owns, operates, and franchises retail bakery-cafes with 1,453 locations in 40 states, the District of Columbia, and Ontario, Canada. Having approximately 60 customers a day at the first bakery-café, the company has grown to currently serve nearly six million customers a week. As of December 28, 2010, it operated 662 Company-owned bakery-cafes located throughout the United States and in Ontario, Canada and 791 franchise-operated bakery-cafes located in the United States under the Panera Bread®, Saint Louis Bread Co.® and Paradise Bakery & Café® names. The company also operates 26 fresh dough facilities to supply fresh dough and other products daily to most company-owned and franchise-operated bakery-cafes. In the fiscal year ended December 28, 2010, the company revenues were $1,542.5 million, consisting of $1,321.2 million of Company-owned net bakery-cafe sales, $86.2 million of franchise royalties and fees, and $135.1 million of fresh dough and other product sales to franchisees.
Corporate history
The Panera Bread® is a Delaware corporation founded by Louis Kane and Ron Shaich. It was originally organized as a Massachusetts corporation under the name Au Bon Pain Co., Inc. in March 1981 and reincorporated in Delaware in June 1988.
In December 1993, the company purchased Saint Louis Bread Company by which the average unit volumes increased 75% between 1993 and 1997. In May 1999, all of Au Bon Pain Co., Inc.'s business units were sold, with the exception of Panera Bread, and the company was renamed Panera Bread. Since those transactions were completed, the company's stock has grown thirteen-fold and over $1 billion in shareholder value has
Stock ticker symbol: PNRA
Exchange where traded: NASDAQ Stock Market, Inc.
Headquarters Address: 3630 S. Geyer Road, St. Louis, MO 63127
Tel: (314) 984-1000
I Company Overview
General information
Panera Bread Company is one of the largest food service companies in the United States which owns, operates, and franchises retail bakery-cafes with 1,453 locations in 40 states, the District of Columbia, and Ontario, Canada. Having approximately 60 customers a day at the first bakery-café, the company has grown to currently serve nearly six million customers a week. As of December 28, 2010, it operated 662 Company-owned bakery-cafes located throughout the United States and in Ontario, Canada and 791 franchise-operated bakery-cafes located in the United States under the Panera Bread®, Saint Louis Bread Co.® and Paradise Bakery & Café® names. The company also operates 26 fresh dough facilities to supply fresh dough and other products daily to most company-owned and franchise-operated bakery-cafes. In the fiscal year ended December 28, 2010, the company revenues were $1,542.5 million, consisting of $1,321.2 million of Company-owned net bakery-cafe sales, $86.2 million of franchise royalties and fees, and $135.1 million of fresh dough and other product sales to franchisees.
Corporate history
The Panera Bread® is a Delaware corporation founded by Louis Kane and Ron Shaich. It was originally organized as a Massachusetts corporation under the name Au Bon Pain Co., Inc. in March 1981 and reincorporated in Delaware in June 1988.
In December 1993, the company purchased Saint Louis Bread Company by which the average unit volumes increased 75% between 1993 and 1997. In May 1999, all of Au Bon Pain Co., Inc.'s business units were sold, with the exception of Panera Bread, and the company was renamed Panera Bread. Since those transactions were completed, the company's stock has grown thirteen-fold and over $1 billion in shareholder value has