Panera Bread
PROPERTY OVERVIEW
Ownership: Private
Credit Rating: NR
Ticker: N/A
Sector: Casual Dining
COMPANY DESCRIPTION
Missouri-based Panera Bread Company operates over 309 bakery-cafés in 29 states, with a principal focus on specialty breads, especially its artisan and sourdough breads. About 68 percent of its bakery-cafés are franchise units, and the remainder are owned by the company. However, Panera Bread does not franchise individual bakery-cafés; rather, it sells multi-store area development agreements. The company maintains 39 of these, with commitments to grow its chain to 733 bakery-cafés through agreements already made. To support its bakery-café network, Panera also operates 11 fresh dough facilities.
