Panera Bread 2008 Annual Report Download - page 9

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principally located in regional malls and life style centers, free standing street locations, downtown business
districts, and office buildings, and currently operate in 10 states that are principally in different markets than Panera
bakery-cafes. During fiscal 2008, Paradise opened 11 new bakery-cafes system-wide (five company-owned and six
franchise-operated bakery-cafes) and closed one company-owned bakery-cafe.
Our fiscal year ends on the last Tuesday in December. As a result, our 2008 fiscal year had 53 weeks with the
fourth quarter comprising 14 weeks. Our 2007 and 2006 fiscal years each had 52 weeks.
We operate as three business segments: the Company bakery-cafe operations segment, the franchise
operations segment, and the fresh dough operations segment. See Note 19 to our consolidated financial statements
for segment information. As of December 30, 2008, our Company bakery-cafe operations segment consisted of
562 Company-owned bakery-cafes, all located in the United States. As of December 30, 2008, our fresh dough
operations segment, which supplies fresh dough items daily to most Company-owned and franchise-operated
bakery-cafes, consisted of 23 fresh dough facilities (20 Company-owned and three franchise-operated). Including
the impact of an additional week of revenue in fiscal 2008, our revenues were $1,298.9 million, consisting of
$1,106.3 million of bakery-cafe sales, $74.8 million of franchise royalties and fees, and $117.8 million of fresh
dough sales to franchisees. Franchise-operated bakery-cafe sales were $1,542.8 million in fiscal 2008.
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,
2