Panera Bread 2009 Annual Report Download - page 4

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Matters discussed in this annual report to stockholders and in our public disclosures, whether written or oral,
relating to future events or our future performance, including any discussion, express or implied, on our anticipated
growth, operating results, future earnings per share, plans and objectives, contain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. These statements are often identified by the words “believe”, “positioned”, “estimate”, “project”, “target”,
“continue”, “intend”, “expect”, “future”, “anticipate”, and similar expressions that are not statements of
historical fact. These statements are not guarantees of future performance and involve certain risks, uncertainties
and assumptions that are difficult to predict. Our actual results and timing of certain events could differ materially
from those anticipated in these forward-looking statements as a result of certain factors, including, but not limited
to, those set forth under “Risk Factors” and elsewhere in this annual report to stockholders and in our other public
filings with the Securities and Exchange Commission. All forward-looking statements and the internal projections
and beliefs upon which we base our expectations included in this annual report to stockholders or other periodic
reports are made only as of the date made and may change. While we may elect to update forward-looking
statements at some point in the future, we expressly disclaim any obligation to update any forward-looking
statements, whether as a result of new information, future events or otherwise.