Profile: Panera Bread Co (PNRA.OQ)
17 Apr 2014
Panera Bread Company (Panera) s a national bakery-cafe concept with 1,541 Company-owned and franchise-operated bakery-cafe locations in42 states, the District of Columbia, and Ontario, Canada. Panera operates under the Panera Bread, Saint Louis Bread Co. and Paradise Bakery & Cafe trademark names. Its bakery-cafes are located in urban, suburban, strip mall, and regional mall locations. The Company operates in three business segments: Company bakery-cafe operations, franchise operations, and fresh dough and other product operations. As of December 27, 2011, its Company bakery-cafe operations segment consisted of 740 Company-owned bakery-cafes, located throughout the United States and in Ontario, Canada. On July 26, 2011, the Company purchased substantially all the assets and certain liabilities of five Paradise Bakery & Cafe (Paradise) bakery-cafes and the related area development rights from an Indiana franchisee. On April 19, 2011 the Company purchased substantially all the assets and certain liabilities of 25 bakery-cafes and the related area development rights from a Milwaukee franchisee.
During the fiscal year ended December 27, 2011, the Company introduced Thai Chopped Chicken Salad and Wild-berry Smoothie. It also added The Steak and White Cheddar Panini, Steak and Blue Cheese Chopped salad, and Steak and Egg Breakfast Sandwich, Frozen Strawberry Lemonade, Turkey Artichoke Panini. Turkey Cranberry Harvest Salad, Pumpkin cookie and Chocolate Babka bread. It also introduced Steak Basamico Panini and Sonoma Chicken Stew.
The Company’s franchisees, which as of December 27, 2011, operated approximately 52% of its bakery-cafes, are consisted of 40 franchise groups with an average of approximately 20 bakery-cafes per group. Its fresh dough facility system supplies fresh dough and other products to substantially all franchise-operated bakery-cafes. As of December 27, 2011, its franchise operations segment consisted of 801 franchise-operated bakery-cafes, all located in the United States.
Bakery-Cafe Supply Chain
The Company has a supply-chain operation in which its regional fresh dough facilities supply on a daily basis dough for its fresh bread along with tuna, cream cheese, and certain produce to substantially all of its Company-owned and franchise-operated bakery-cafes. As of December 27, 2011, the Company had 24 fresh dough facilities, 22 of which were Company-owned, including a limited production facility that is co-located with one of its Company-owned bakery-cafes in Ontario, Canada to support the three Company-owned bakery-cafes located in that market. As of December 27, 2011, the Company’s fresh dough and other product operations, which supply fresh dough, produce, tuna, and cream cheese items daily to Company-owned and franchise-operated bakery-cafes. As of December 27, 2011, it leased 200 trucks. The Company uses independent distributors to distribute its sweet goods products, and other materials to bakery-cafes.
Panera Bread Co
Suite 100, 3630 SOUTH GEYER ROAD
ST. LOUIS MO 63127
Company Web Links
- Panera Bread shares fall after company maintains forecasts
- Soaring valuations in restaurant industry to spur M&A
- CORRECTED-DEALTALK-Soaring valuations in restaurant industry to spur M&A
- UPDATE 5-Darden, under pressure, to spin off or sell Red Lobster
- Panera Bread sales at its own stores disappoint; stock falls