Panera Bread 2009 Annual Report Download - page 30
Download and view the complete annual report
Please find page 30 of the 2009 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
 |
 |
Consolidated Statements of Operations Margin Analysis
The following table sets forth the percentage relationship to total revenues, except where otherwise indicated,
of certain items included in our Consolidated Statements of Operations for the periods indicated. Percentages may
not add due to rounding:
December 29,
2009
December 30,
2008
December 25,
2007
For the Fiscal Year Ended
Revenues:
Bakery-cafe sales ............................ 85.2% 85.2% 83.9%
Franchise royalties and fees .................... 5.8 5.8 6.3
Fresh dough sales to franchisees ................. 9.0 9.1 9.8
Total revenue ........................... 100.0% 100.0% 100.0%
Costs and expenses:
Bakery-cafe expenses(1):
Cost of food and paper products ............... 29.3% 30.1% 30.3%
Labor................................... 32.1 31.9 32.0
Occupancy ............................... 8.3 8.2 7.9
Other operating expenses .................... 13.5 13.3 13.6
Total bakery-cafe expenses ................. 83.2 83.4 83.7
Fresh dough cost of sales to franchisees(2) ......... 82.2 92.2 88.8
Depreciation and amortization .................. 5.0 5.2 5.4
General and administrative expenses.............. 6.1 6.5 6.5
Pre-opening expenses ......................... 0.2 0.3 0.8
Total costs and expenses..................... 89.6 91.3 91.6
Operating profit............................... 10.4 8.7 8.4
Interest expense............................... 0.1 0.1 0.1
Other (income) expense, net ..................... — 0.1 —
Income before income taxes...................... 10.3 8.5 8.3
Income taxes ................................. 3.9 3.2 2.9
Net income ............................ 6.4 5.3 5.4
Less: net income attributable to noncontrolling interest . . 0.1 0.1 —
Net income attributable to Panera Bread
Company ............................ 6.4% 5.2% 5.4%
(1) As a percentage of bakery-cafe sales.
(2) As a percentage of fresh dough facility sales to franchisees.
24