Panera Bread 2006 Annual Report Download - page 25

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The following table sets forth certain bakery-cafe data relating to Company-owned and franchise-operated
bakery-cafes:
December 26,
2006
December 27,
2005
December 25,
2004
For the Fiscal Year Ended
Number of bakery-cafes:
Company-owned:
Beginning of period ........................ 311 226 173
Bakery-cafes opened ....................... 70 66 54
Bakery-cafes closed ........................ (3) (2) —
Acquired from franchisees(1) ................. 13 21 1
Transfer to franchisee(2)..................... — — (2)
End of period ........................... 391 311 226
Franchise operated:
Beginning of period ........................ 566 515 429
Bakery-cafes opened ....................... 85 73 89
Bakery-cafes closed ........................ (2) (1) (4)
Sold to Company(1) ........................ (13) (21) (1)
Transfer from Company(2) ................... — — 2
End of period ........................... 636 566 515
System-wide:
Beginning of period ........................ 877 741 602
Bakery-cafes opened ....................... 155 139 143
Bakery-cafes closed ........................ (5) (3) (4)
End of period ........................... 1,027 877 741
(1) In October 2006, we acquired 13 bakery-cafes (one of which was under construction) and the area development
rights from a franchisee in certain markets in Iowa, Nebraska and South Dakota. In September 2006, we
acquired one bakery-cafe in Pennsylvania from a franchisee. In November 2005, we acquired 23 bakery-cafes
(two of which were under construction) and the area development rights from a franchisee in certain markets in
Indiana. In October 2004, we acquired one bakery-cafe in the Dallas, Texas market from a franchisee.
(2) In October 2004, we transferred two bakery-cafes to a new franchisee in the acquisition of the minority interest.
See Note 3 of our Consolidated Financial Statements for further information.
Increases in comparable bakery-cafe sales for the fiscal year ended December 26, 2006, December 27, 2005,
and December 25, 2004, were as follows:
December 26,
2006
December 27,
2005
December 25,
2004
For the Fiscal Year Ended
Company-owned .............................. 3.9% 7.4% 2.9%
Franchised................................... 4.1% 8.0% 2.6%
System-wide ................................. 4.1% 7.8% 2.7%
Company-owned comparable bakery-cafe sales increases are based on sales for bakery-cafes that have been in
operation and company-owned for at least 18 months. Franchise-operated comparable bakery-cafe sales increases
are based on sales for bakery-cafes that have been in operation for at least 18 months. Franchise-operated bakery-
cafes which we acquire are included in comparable bakery-cafe sales 18 months after the original franchise opening
date. Both Company-owned and franchise-operated comparable bakery-cafe sales exclude closed locations.
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