Panera Bread 2009 Annual Report Download - page 31

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Bakery-cafe Composition
The following table sets forth certain bakery-cafe data relating to Company-owned and franchise-operated
bakery-cafes for the periods indicated:
December 29,
2009
December 30,
2008
December 25,
2007
For the Fiscal Year Ended
Number of bakery-cafes:
Company-owned:
Beginning of period ........................ 562 532 391
Bakery-cafes opened ....................... 30 35 89
Bakery-cafes closed ........................ (7) (5) (5)
Bakery-cafes acquired from franchisees(1) . . . .... — — 36
Bakery-cafes acquired(2) .................... — — 22
Bakery-cafe sold to a franchisee(3) ............. — — (1)
End of period ........................... 585 562 532
Franchise-operated:
Beginning of period ........................ 763 698 636
Bakery-cafes opened ....................... 39 67 80
Bakery-cafes closed ........................ (7) (2) (5)
Bakery-cafes sold to Company(1) .............. — — (36)
Bakery-cafes acquired(2) .................... — — 22
Bakery-cafe purchased from Company(3) ........ — — 1
End of period ........................... 795 763 698
System-wide:
Beginning of period ........................ 1,325 1,230 1,027
Bakery-cafes opened ....................... 69 102 169
Bakery-cafes closed ........................ (14) (7) (10)
Bakery-cafes acquired(2) .................... — — 44
End of period ........................... 1,380 1,325 1,230
(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.
(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.
Comparable Bakery-Cafe Sales
Fiscal 2009 and fiscal 2007 each contained 52 weeks of sales while fiscal 2008 contained 53 weeks of sales,
with an impact of $14.4 million and $21.4 million, respectively, of sales in the additional week of fiscal 2008 for
Company-owned and franchise-operated bakery-cafes. Accordingly, we believe it is appropriate to provide the
following three separate measures of comparable bakery-cafe sales for fiscal 2009: calendar basis, adjusted fiscal
basis, and fiscal basis.
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