Panera Bread Company

Restaurants | Financial Main Page | IGHRM Main Page
Disclaimer:

International Guild of Hospitality & Restaurant Managers

6710 Clayton Rd.
Richmond Heights , MO 63117

Phone: (314) 633-7100
http://www.panerabread.com/

Panera Bread Company, through its wholly owned subsidiary Panera, LLC, operates bakery-cafes under the names Panera Bread and Saint Louis Bread Company. As of December 29, 2001 , the Company had 100 Company-operated bakery-cafes (including two specialty bakery-cafes), ten bakery-cafes operated as a joint venture through a 90%-owned indirect subsidiary (for a total of 110 Company-owned bakery-cafes) and 259 franchise-operated bakery-cafes (including one specialty bakery-cafe). The Company specializes in meeting four consumer dining needs (breakfast, lunch, daytime "chill out" (the time between breakfast and lunch and between lunch and dinner when customers visit the Company's bakery-cafes to take a break from their daily activities) and take home bread) through the provision of high quality food, including fresh baked goods, made-to-order sandwiches on freshly baked breads, soups, salads, custom roasted coffees and other cafe beverages, and targets suburban dwellers and workers by offering a premium specialty bakery and cafe experience with a neighborhood emphasis.

The Company was originally formed in March 1981 under the name Au Bon Pain Co., Inc. and consisted of three Au Bon Pain bakery-cafes and one cookie store. The Company continued to grow the Au Bon Pain concept domestically, primarily on the east coast, and internationally throughout the 1980's and 1990's. On December 22, 1993 , the Company purchased the Saint Louis Bread Company. At the time, the Saint Louis Bread Company consisted of 19 company-owned and 1 franchised bakery-café primarily located in the Saint Louis , Missouri area. In August 1998, the Company entered into a Stock Purchase Agreement to sell the Au Bon Pain Division to ABP Corporation. The sale was effective on May 16, 1999. At that time, the Company changed its name to Panera Bread Company.

The Company's bakery-cafes are principally located in suburban, strip mall and regional mall locations. Its business is currently operating in 30 states.

Financial Main Page | IGHRM Main Page

Disclaimer:
The data included within the Financial section is solely for information and does not construe a recommendation and/or endorsement by IGHRM or its members to invest funds with any of the companies listed. You are strongly urged to obtain professional advice with qualified individuals or corporations for any investments of funds.