BUS 480 Strategic Audit Michelle Herndon (2012) Case Number and Title Case 32: Panera Bread Company (2010): Still Rising Fortunes? CURRENT SITUATION Panera Bread’s intention is “to make Panera Bread a nationally recognized brand name and to be the dominant restaurant operator in the specialty bakery-café segment.” Panera experienced competition from many numerous sources in its trade areas. Their competition was with specialty food‚ casual dining and quick service cafes‚ bakeries‚ and
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Organization and Management of Panera Bread The formation of Panera Bread began in 1978 when Louis Kane bought Au Bon Pain‚ a retail producer of baked goods. Kane changed it to a wholesale business by opening two cafes and staffing them with bakers and employees‚ but high production costs made it impossible to cover his overhead. In 1981 Kane decided to remain responsible for site selection and financing‚ but he chose Robert Shaich to help turn the company around as President of internal operations
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The Strategic Management Model: Businesses vary in the processes they use to formulate and direct their strategic management activities. Sophisticated planners‚ such as General Electric‚ Procter & Gamble‚ and IBM‚ have developed more detailed processes than less formal planners of similar size. Small businesses that rely on the strategy formulation skills and limited time of an entrepreneur typically exhibit more basic planning concerns than those of larger firms in their industries. Understandably
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FINANCIAL ANALYSIS Financial Analysis – Panera Bread (PNRA) TABLE OF CONTENT a- Overview of The Panera Bread Company ------------------------------4 b- The Latest Financial Statement 2009-2011 ------------------------------5 c- Summary of each Financial Statement ------------------------------8 d- Ratio Analysis (Five major types of ratios)
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debt-asset ratio | 16.67 | 35.86 | 28.68 | 35.58 | 36.23 | Debt to equity ratio | 21.5 | 56.16 | 40.22 | 55.23 | 56.82 | Longterm debt to capital ratio | 0.172 | 0.215 | | | | From the end of fiscal 2002 through the end of fiscal 2011‚ Panera Bread company (PBC)’s net revenues grew from 282225
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2003 Revenue 2004 2005 2006 2007(Est. 33333333363‚702 33333333479‚139 33333333640‚275 33333333828‚971 33331‚050‚000 Operating 33333333288‚706 333333333365‚627 333333333325‚298 333333333338‚735 33333333399‚760 333333333375‚036 333333333333‚011 333333333350‚240 33333333542‚916 333333333385‚618 333333333344‚166 333333333363‚502 33333333738‚000 333333333386‚000 333333333360‚000 333333333378‚000 CashFlow3Statement Net3Income Depreciation Accounts3Receivable Inventory Prepaid 2004 333333333333338
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my hand and looking both ways before she drug me across the street. "You’re gonna pull my arm out of it’s socket if you keep going!" I giggled slightly and she laughed. "Sorry." She let my arm go and we walked into Panera Bread to grab ourselves dinner. "Hi! Welcome to Panera Bread‚ only two?" The hostess looked at us both and I gave her a warm smile‚ nodding my head. She smiled‚ grabbing two menu’s and walking us to a table outside. I grinned‚ hoping she would let us sit outside. It was a nice
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organization that I work for. I did this primarily for two reasons: to learn about the mission statement and operations strategy of another company and to apply the quality improvement concepts to a completely new operation’s environment. I chose The Panera Bread Company (NASDAQ: PNRA). That is the place I have been studying for the last year where I could observe how they operate. During this time‚ I have seen several areas that could be improved. For this assignment I chose one in particular that has
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Panera Bread Company-2010 Strategic Audit I. Current Situation: A. Current Performance Healthy financial position: company experiencing growth without debts‚ increased revenue‚ increased earnings per share. Higher operating cost‚ small revenue compared to competitors Increased price per share Total company revenue increased by 4.2% Hoover Europe still showing losses. Net Income increased by 27.6% 55 net new Bakery cafes opened Highest sales revenue among the fast-Casual Chain Restaurants
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Panera Bread’s primary competition is comprised of many other fast casual and/or café-style restaurant chains‚ including Chipotle‚ Starbucks Coffee‚ Five Guys Burgers and Fries and P.F. Chang’s China Bistro. BALANCE SHEET ANALYSIS One of the significant changes on Panera Bread’s vertical analysis occurs with the Treasury Stock – Common account‚ which went from accounting for -17% of their Total Liabilities and Shareholder’s Equity to accounting for -51% of them. This change constituted for a decrease
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