Panera Bread 2003 Annual Report Download - page 19

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The following table sets forth certain information and other data relating to Company-owned and
franchise-operated bakery-cafes:
For the Ñscal year ended
December 27, December 28, December 29,
2003 2002 2001
Number of bakery-cafes (includes majority-owned):
Company-owned:
Beginning of period ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 132 110 90
Bakery-cafes opened ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 29 23 21
Acquired from franchisees(1) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 15 3 Ì
Bakery-cafes closed ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ (3) (4) (1)
End of period ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 173 132 110
Franchise operated:
Beginning of period ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 346 259 172
Bakery-cafes opened ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 102 92 88
Sold to Company(1) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ (15) (3) Ì
Bakery-cafes closed ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ (4) (2) (1)
End of period ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 429 346 259
System-wide:
Beginning of period ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 478 369 262
Bakery-cafes opened ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 131 115 109
Bakery-cafes closed ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ (7) (6) (2)
End of period ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 602 478 369
(1) In January 2002, the Company purchased the area development rights and three existing bakery-cafes in
the Jacksonville, Florida market from its franchisee. During Ñscal 2003, the Company acquired 15
operating bakery-cafes and the area development rights in the Louisville/Lexington, Kentucky; Dallas,
Texas; Toledo, Ohio; and Ann Arbor, Michigan markets from franchisees.
Increases in comparable bakery-cafe sales for the Ñfty-two weeks ended December 27, 2003, Decem-
ber 28, 2002, and December 29, 2001 were as follows:
Fifty-two weeks ended
December 27, December 28, December 29,
2003 2002 2001
Company-ownedÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1.7% 4.1% 5.8%
Franchise-operatedÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ -0.4% 6.1% 5.8%
System-wide ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0.2% 5.5% 5.8%
Comparable bakery-cafe sales exclude the closed locations and are based on sales for bakery-cafes that
have been in operation for at least 18 four-week periods.
Comparable sales increases were lower during the Ñfty-two weeks ended December 27, 2003 than during
the Ñfty-two weeks ended December 28, 2002 and December 29, 2001 as a result of several factors. These
factors include the more diÇcult winter weather in the Ñrst quarter of 2003, the negative impact of the east
coast and midwest power outage and hurricane Isabel in 2003, and the impact of ROI based real estate
decisions relating to new stores that negatively impacted existing store performance in 2003. In addition,
during the second quarter of 2003, the Company began to implement increased staÇng and other initiatives
that focused on quality and speed of customer service in Company-owned bakery-cafes. The implementation
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