Essay Panera Bread

1417 Words 6 Pages
Overview

Panera Bread is ready for an epochal change in American eating habits. The company is a leader in the quick-casual restaurant business with more than 1,027 bakery-cafes in 36 states. Its locations, which operate under the Panera and Saint Louis Bread Company banners, offer made-to-order sandwiches built using a variety of artisan breads, including Asiago cheese bread, focaccia, and its classic sourdough bread. Its menu also features soups, salads, and gourmet coffees. In addition, Panera sells its bread, bagels, and pastries to go. Almost 400 of its locations are company-operated, while the rest are run by franchisees. Panera Bread's is trying to provide premium specialty bakery and café experience to urban workers and
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Net income is up from $21,300 million in 2002 to $58,849 million in 2006, a CAGR of 28.9%. EPS is up from $.71 per diluted share to $1.84 per diluted share, a CAGR of 27.6%. Net cash provided by operating activities rose from $46.3 million in 2002 to $104,895 in 2006, a CAGR of 22.67%. I believe that Panera has grown rapidly over the last four years. They have increased there revenue by 34%
4. Which rival restaurant chains appear to be Panera's closest rivals?

Einstein Bagels and Starbucks seem to be Panera's closest rivals. This is because they all sell a similar combination of products. Einstein and Panera's Menu's are quite similar. Both menus for breakfast include; bagels, scones, cinnamon twists, coffee cake, cookies, and muffins. Lunch menus include; soups, salads, and sandwiches. They also both offer hot and cold beverages. Starbucks is more of a rival due to their atmosphere, though they do show similarities in their menus. Both Panera and Starbucks are places where you can pair your coffee with a fresh pastry and enjoy free WiFi access to boot. Both successfully execute the concept of a "third place" i.e., a location other than home and work where you can relax, work, meet and chat.

5. What strategic issues and problems does Panera Bread management need to address?

One strategic issue Panera Bread management needs to address is expansion. If Panera

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