Panera Bread 2008 Annual Report Download - page 34

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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 30,
2008
December 25,
2007
December 26,
2006
For the Fiscal Year Ended
Number of bakery-cafes:
Company-owned:
Beginning of period ........................ 532 391 311
Bakery-cafes opened ....................... 35 89 70
Bakery-cafes closed ........................ (5) (5) (3)
Bakery-cafes acquired from franchisees(1) . . . .... — 36 13
Bakery-cafes acquired(2) .................... — 22 —
Bakery-cafe sold to a franchisee(3) ............. — (1) —
End of period(4) ......................... 562 532 391
Franchise-operated:
Beginning of period ........................ 698 636 566
Bakery-cafes opened ....................... 67 80 85
Bakery-cafes closed ........................ (2) (5) (2)
Bakery-cafes sold to Company(1) .............. — (36) (13)
Bakery-cafes acquired(2) .................... — 22 —
Bakery-cafe purchased from Company(3) ........ — 1 —
End of period(4) ......................... 763 698 636
System-wide:
Beginning of period ........................ 1,230 1,027 877
Bakery-cafes opened ....................... 102 169 155
Bakery-cafes closed ........................ (7) (10) (5)
Bakery-cafes acquired(2) .................... — 44 —
End of period(4) ......................... 1,325 1,230 1,027
(1) In June 2007, we acquired 32 bakery-cafes and the area development rights from franchisees in certain markets in
Illinois and Minnesota. In February 2007, we 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,
we 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, we acquired one
bakery-cafe in Pennsylvania from a franchisee.
(2) In February 2007, we 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, we 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 30, 2008 include 73 system-wide Paradise bakery-cafes (35 company-owned and 38
franchise-operated bakery-cafes).
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