Panera Bread Nov. Same-Store Sales Rise :: Restaurant Supply Resource

Panera Bread Nov. Same-Store Sales Rise

Panera Bread Reports System-Wide Comparable Bakery-Cafe Sales Increased 4.0% For the Four Weeks Ended November 27, 2004

Panera Bread Company (Nasdaq: PNRA) reported that system-wide comparable bakery-cafe sales increased 4.0% for the four weeks ended November 27, 2004. The breakdown between Company-owned and franchised bakery-cafes is as follows:

For the 4 weeks ended For the 8 weeks ended
November 27, 2004 November 27, 2004

Company-owned 3.8% 3.6%
Franchised 4.1% 4.9%
Total System 4.0% 4.6%

System-wide annualized average unit volumes for the 52 weeks ended November 27, 2004 increased by 0.7% to $1.86 million.

Included above are franchised and system-wide comparable bakery-cafe sales increases and system-wide annualized average unit volumes. System-wide sales are a non-GAAP financial measure that includes sales at all Company and franchise bakery-cafes, as reported by franchisees. Management believes system-wide sales information, particularly annualized average unit volumes, is useful in assessing consumer acceptance of the Company's brand both because it measures the impact of both comparable bakery-cafes and new bakery-cafes and because the Company's franchisees pay royalties and contribute to advertising pools based on a percentage of their sales.

Panera Bread Company owns and franchises bakery-cafes under the Panera Bread and Saint Louis Bread Co. names. The Company is a leader in the emerging specialty bread/cafe category due to its unique bread combined with a quick, casual dining experience.

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Date Listed: 2004-12-09

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Industry: Restaurants
Category: Financial
Panera Bread
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