Panera Bread 2007 Annual Report Download - page 86

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The following table sets forth certain bakery-cafe data relating to Company-owned and franchise-operated
bakery-cafes for the periods indicated:
December 25,
2007
December 26,
2006
December 27,
2005
For the Fiscal Year Ended
Number of bakery-cafes:
Company-owned:
Beginning of period ........................ 391 311 226
Bakery-cafes opened ....................... 89 70 66
Bakery-cafes closed ........................ (5) (3) (2)
Bakery-cafes acquired from franchisees(1) . . . .... 36 13 21
Bakery-cafes acquired(2) .................... 22 — —
Bakery-cafe sold to a franchisee(3) ............. (1) — —
End of period(4) ......................... 532 391 311
Franchise-operated:
Beginning of period ........................ 636 566 515
Bakery-cafes opened ....................... 80 85 73
Bakery-cafes closed ........................ (5) (2) (1)
Bakery-cafes sold to Company(1) .............. (36) (13) (21)
Bakery-cafes acquired(2) .................... 22 — —
Bakery-café purchased from Company(3) ........ 1 — —
End of period(4) ......................... 698 636 566
System-wide:
Beginning of period ........................ 1,027 877 741
Bakery-cafes opened ....................... 169 155 139
Bakery-cafes closed ........................ (10) (5) (3)
Bakery-cafes acquired(2) .................... 44 — —
End of period(4) ......................... 1,230 1,027 877
(1) In June 2007, the Company acquired 32 bakery-cafes and the area development rights from franchisees in
certain markets in Illinois and Minnesota. In February 2007, the Company acquired four bakery-cafes, as well
as two bakery-cafes still under construction, and the area development rights from a franchisee in certain
markets in California. In October 2006, the Company acquired 12 bakery-cafes, as well as one bakery-cafe still
under construction, and the area development rights from a franchisee in certain markets in Iowa, Nebraska and
South Dakota. In September 2006, the Company acquired one bakery-cafe in Pennsylvania from a franchisee.
In November 2005, the Company acquired 21 bakery-cafes, as well as two bakery-cafes still under construc-
tion, and the area development rights from a franchisee in certain markets in Indiana.
(2) In February 2007, the Company acquired 51 percent of the outstanding capital stock of Paradise Bakery &
Café, Inc., which then owned and operated 22 bakery-cafes and franchised 22 bakery-cafes, principally in
certain markets in Arizona and Colorado.
(3) In June 2007, the Company sold one bakery-cafe and the area development rights for certain markets in
Southern California to a new area developer.
(4) Bakery-cafes at December 25, 2007 include 63 system-wide Paradise bakery-cafes (31 company-owned and
32 franchise-operated bakery-cafes).
76
PANERA BREAD COMPANY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS — (Continued)