Panera Bread 2008 Annual Report Download - page 4

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Please find page 4 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.

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I want to take this opportunity to thank all of you who have believed in our company and our management team
during the ups and downs of the last decade. Your support, combined with the wise counsel of our Board, our
Support Center teams, our operators and our franchisees, really has been key to our success. Know that we will do
all in our power to fulfill the potential of the Panera brand and deliver for you in 2009 and beyond.
All my best,
Ronald M. Shaich
Chairman and Chief Executive Officer