Panera Bread 2011 Annual Report Download - page 6

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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, of 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, or the Exchange Act.
These statements are often identified by the words “believe,” “positioned,” “estimate,” “project,” “plan,” “goal,”
“target,” “assumption,” “continue,” “intend,” “expect,” “future,” “anticipate” and other 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 report and in our other public filings with the
Securities and Exchange Commission, or SEC. All forward-looking statements and the internal projections and beliefs
upon which we base our expectations included in this report or other periodic reports represent our estimates as of the
date made and should not be relied upon as representing our estimates as of any subsequent date. We expressly disclaim
any obligation to update any forward-looking statements, whether as a result of new information, future events, or
otherwise.