panera bread
Panera Bread
|
| Type |
Public (NASDAQ: PNRA) |
| Founded |
1987 in Richmond Heights, Missouri |
| Headquarters |
Richmond Heights, MO, United States |
| Key people |
Ronald M. Shaich, Founder, Chairman & CEO
Louis Kane, Founder
|
| Industry |
Restaurants |
| Products |
Fast casual/Bakery-café, including several varieties of bread, such as bagels and muffins, cold sandwiches, hot panini, salads, and soups |
| Revenue |
$597.09 million USD (2005) |
| Employees |
4,746 full time (December 2005) |
| Website |
www.panera.com |
Panera Bread (NASDAQ: PNRA), is a chain of bakery café restaurants in the United States, specializing in serving specialty breads, sandwiches, soups, and other bakery items. The name "Panera" is derived from the Latin words "panis" meaning "bread" and "era" meaning "time."
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Contents
- 1 Corporate history
- 2 Menu
- 3 Manufacturing
- 4 See also
- 5 References
- 6 External links
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Corporate history
Panera Bread in Chicago's South Loop.
In 1993, Au Bon Pain Co. purchased the Saint Louis Bread Company and renovated the 20 bakery-cafés in the St. Louis area.
In May 1999, in order to expand Panera Bread into a national chain, Au Bon Pain Co. divested itself of all other chains (including Au Bon Pain, which is now owned by Compass Group North America[1]). Au Bon Pain Co. then renamed itself Panera Bread Company. The Panera Bread Company now operates or franchises over 850 Panera Bread bakery-cafés in 36 states and 17 manufacturing plants to support the bakery-cafés.
In the St. Louis area, the stores themselves are still branded as The St. Louis Bread Company. However, they serve a full Panera menu, and most in-store signs, cups, and even napkins are branded as "Panera Bread." This "dual branding" can cause confusion and arguments over which is the chain's proper name.
Menu
Items available include several different types of bread, from loaves to bagels to muffins. They also have Republic of Tea tea, Jones Sodas and several coffee-based drinks. In the past, Panera had an exclusive distribution deal with Jones to have an early version of their new chocolate-flavored soda.
Both cold sandwiches and hot panini are also available, along with salads and soups. Parts of the menu are rotated, with seasonal items five times a year, and approximately two new salads and/or sandwiches being available at any one given time. They also offer four to six different types of soup daily, including at least one vegetarian selection, and two seasonal soups, along with French Onion, broccoli cheddar, and chicken noodle soups year-round. Panera has begun to offer crispanis (mini-pizzas) in the evenings to further expand the menu and increase evening business.
In addition to baked goods, most locations offer free wireless Internet access to customers. Panera operates the US's largest free-wireless network.[2]
Manufacturing
The manufacturing side of the company is run by Mike Powell, VP. There are 17 manufacturing plants that produce fresh dough daily 363 days a year.
See also
- Au Bon Pain
- Fast casual restaurant
References
- Panera Bread corporate history
External links
- Official Corporate Website
Categories: Companies listed on NASDAQ | Food companies of the United States | Bakery/café restaurants | Franchises
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panera bread news and panera bread articles
Here's our top rated
panera bread links for the day:
Panera Bread to open in Austin
Austin Business Journal - 1 hour, 43 minutes ago Panera Bread will open its newest bakery-cafe in Austin in early November.
Panera Bread Company Celebrates 1000th Bakery-Cafe and Success as a Public Company by Opening the NASDAQ Stock Market
FinanzNachrichten - Oct 05 4:15 AM Panera Bread Company ( Nachrichten ) (NASDAQ: PNRA) today celebrates two significant business milestones - the upcoming opening of the 1,000th Panera bakery-cafe and Panera ' s success as a publicly traded company on NASDAQ. The Company is celebrating by ringing The NASDAQ Stock Market Opening Bell this morning.
Panera Bread Company Celebrates 1000th Bakery-Cafe and Success as a Public Company by Opening the NASDAQ Stock Market
[Press Release] Business Wire via Yahoo! Finance - Oct 05 4:00 AM ST. LOUIS----Panera Bread Company today celebrates two significant business milestones - the upcoming opening of the 1,000th Panera bakery-cafe and Panera's success as a publicly traded company on NASDAQ.
Panera Bread Reports Third Quarter Revenues Increased 30% and System-Wide Comparable Bakery-Cafe Sales Increased 5.9%
[Press Release] PR Newswire via Yahoo! Finance - Oct 04 4:00 AM Panera Bread Company today reported revenue increased 30% to $205 million for the third quarter ended September 26, 2006 from $158 million in the comparable period of 2005.
Panera Shares Jump on Same-Store Sales
AP via Yahoo! Finance - Oct 04 8:15 AM Shares of Panera Bread Co. jumped on Wednesday, after the bakery-cafe chain operator reported same-store sales jumped 5.9 percent in September.
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