Panera Bread 2007 Annual Report Download - page 7

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Matters discussed in this annual report to stockholders, including any discussion or impact, express or implied, on the
Company's anticipated growth, operating results, and future earnings per share, contain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
These statements are often identified by the words “believe”, “positioned”, "estimate", "project", “target”, “continue”,
"intend", "expect", "future", "anticipates", and similar expressions. All forward-looking statements included in this
release are made only as of the date of this release, and we do not undertake any obligation to publicly update or correct
any forward-looking statements to reflect events or circumstances that occur or which we hereafter become aware, after
that date. Forward-looking information expresses management's present belief, expectations, or intentions regarding the
Company's future performance. The Company's actual results could differ materially from those set forth in the forward-
looking statements due to known and unknown risks and uncertainties and could be negatively impacted by a number of
factors. These factors include, but are not limited to, the following: inability to execute our growth strategy, including,
among other things, variations in the number, timing, and successful nature of Company-owned and franchise-operated
bakery-cafe openings and continued successful operation of bakery-cafes; failure to comply with government regulations;
loss of a member of senior management; inability to recruit qualified personnel; failure or inability to protect our brand,
trademarks, or other proprietary rights; competition; rising insurance costs; disruption in our supply chain or increases
in ingredient, product, or other supply costs; disruptions or supply issues in our fresh dough facilities; health concerns
about the consumption of certain products; complaints and litigation; risks associated with the acquisition of franchise-
operated bakery-cafes; other factors, some of which may be beyond our control, effecting our operating results; and other
factors that may effect restaurant owners or retailers in general. These and other risks are discussed from time to time in
the Company's SEC reports, including its Form 10-K for the year ended December 25, 2007 and its quarterly reports on
Form 10-Q.