Panera Bread 2008 Annual Report Download - page 33
Download and view the complete annual report
Please find page 33 of the 2008 Panera Bread annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23 -
24 -
25 -
26 -
27 -
28 -
29 -
30 -
31 -
32 -
33 -
34 -
35 -
36 -
37 -
38 -
39 -
40 -
41 -
42 -
43 -
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
 |
 |
December 30,
2008
December 25,
2007
December 26,
2006
For the Fiscal Year Ended
Cost of food and paper products ............... 30.1% 30.3% 29.6%
Labor................................... 31.9 32.0 30.8
Occupancy ............................... 8.2 7.9 7.3
Other operating expenses .................... 13.3 13.6 13.8
Total bakery-cafe expenses ................. 83.4 83.7 81.5
Fresh dough cost of sales to franchisees(2) ......... 92.2 88.8 84.8
Depreciation and amortization .................. 5.2 5.4 5.3
General and administrative expenses.............. 6.5 6.5 7.2
Pre-opening expenses ......................... 0.3 0.8 0.7
Total costs and expenses..................... 91.3 91.6 89.0
Operating profit............................... 8.7 8.4 11.0
Interest expense............................... 0.1 0.1 —
Other (income) expense, net ..................... 0.1 — (0.2)
Income before minority interest and income taxes . .... 8.5 8.3 11.2
Income (loss) allocable to minority interest .......... 0.1 — —
Income before income taxes...................... 8.4 8.3 11.2
Income taxes ................................. 3.2 2.9 4.1
Net income ............................ 5.2% 5.4% 7.1%
(1) As a percentage of bakery-cafe sales.
(2) As a percentage of fresh dough facility sales to franchisees.
26