Panera Bread
 |
|
| Public | |
| Traded as |
NASDAQ: PNRA S&P 400 Company |
| Industry | Fast food |
| Founded | 1987 Kirkwood, Missouri, US |
| Founder | Kenneth J. Rosenthal Ronald M. Shaich Louis Kane |
| Headquarters | Sunset Hills, Missouri, U.S. |
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Number of locations
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2000 (March 2016) |
|
Area served
|
United States, Canada |
|
Key people
|
Ronald M. Shaich (CEO, Chairman), Drew Madsen, President |
| Products | Fast casual/Bakery-café, including several varieties of bread, such as bagel and baguettes, cold sandwiches, hot panini, salads, soups, coffee and teas |
| Revenue |
 US$2.7 billion (FY 2011)
|
|
US$259 million (FY 2011)
|
|
|
US$160 million (FY 2011)
|
|
| Total assets |
US$1.5 billion (FY 2011)
|
| Total equity |
US$497.3 million (FY 2011)
|
|
Number of employees
|
47,191 including 23,821 who work at least 25 hours per week (December 2015) |
| Subsidiaries | Paradise Bakery & Café |
| Website | panerabread |
Panera Bread Company is an American chain of bakery-café fast casual restaurants in the United States and Canada. Its headquarters are in Sunset Hills, Missouri, a suburb of St. Louis, and operates as Saint Louis Bread Company in the St. Louis metropolitan area. Offerings include soups, salads, pasta, sandwiches, and bakery items.
St. Louis Bread was founded by Ken Rosenthal in 1987 when he opened the first location in Kirkwood, Missouri. In 1993, Au Bon Pain Co. purchased the St. Louis Bread Company. In 1997, Au Bon Pain changed the company name to Panera, a word that has roots meaning "breadbasket" in Latin. At the same time, the St. Louis Bread Company was renovating its 20 bakery-cafés in the St. Louis area.
In May 1999, to expand Panera Bread into a national restaurant, Au Bon Pain Co. sold its other chains, including Au Bon Pain, which is now owned by Compass Group North America. Panera Bread moved into its new headquarters in Richmond Heights, Missouri in 2000. The company operates or franchises more than 1900 Panera Bread bakery-cafés in 46 states and 20 facilities that deliver fresh dough to the bakery-cafés every day. Panera Bread's CEO is Ron Shaich.
In the St. Louis area where it was founded, Panera Bread still operates under the name St. Louis Bread Company. The St. Louis metropolitan area has over 101 locations.
In 2005, Panera ranked 37th on BusinessWeek's list of "Hot Growth Companies", earning $38.6 million with a 42.9% increase in profits.
In 2007, Panera Bread purchased a majority stake in Paradise Bakery & Café, a Phoenix-based concept with over 70 locations in 10 states (predominantly in the west and southwest). The company purchased the balance of Paradise in June 2009.
In 2008, Panera Bread expanded into Canada, beginning with Richmond Hill, Thornhill, Oakville, and Mississauga in the Toronto area.
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Wikipedia