Panera Bread 2012 Annual Report Download - page 30

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22
Executive Summary of Results
In fiscal 2012, we earned $5.89 per diluted share with the following performance on key metrics: system-wide comparable net
bakery-cafe sales growth of 5.7 percent (growth of 6.5 percent for Company-owned bakery-cafes and growth of 5.0 percent for
franchise-operated bakery-cafes); system-wide average weekly net sales increased 5.3 percent to $46,676 ($46,836 for Company-
owned bakery-cafes and $46,526 for franchise-operated bakery-cafes); 123 new bakery-cafes opened system-wide (59 Company-
owned bakery-cafes and 64 franchise-operated bakery-cafes); and 12 bakery-cafes closed system-wide (six Company-owned
bakery-cafes and six franchise-operated bakery-cafes). Our fiscal 2012 earnings of $5.89 per diluted share included a favorable
impact of $0.01 per diluted share from the repurchase of 158,700 shares under our share repurchase authorizations.
In the fiscal quarter ended December 25, 2012, we earned $1.75 per diluted share with the following performance on key metrics:
system-wide comparable net bakery-cafe sales growth of 4.9 percent (growth of 5.1 percent for Company-owned bakery-cafes
and growth of 4.7 percent for franchise-operated bakery-cafes); system-wide average weekly net sales increased 4.5 percent to
$48,579 ($48,811 for Company-owned bakery-cafes and $48,360 for franchise-operated bakery-cafes); 32 new bakery-cafes
opened system-wide (18 Company-owned bakery-cafes and 14 franchise-operated bakery-cafes); and five bakery-cafes closed
system-wide (one Company-owned bakery-cafes and four franchise-operated bakery-cafes).
In fiscal 2011, we earned $4.55 per diluted share with the following performance on key metrics: system-wide comparable net
bakery-cafe sales growth of 4.0 percent (growth of 4.9 percent for Company-owned bakery-cafes and growth of 3.4 percent for
franchise-operated bakery-cafes); system-wide average weekly net sales increased 3.4 percent to $44,313 ($44,071 for Company-
owned bakery-cafes and $44,527 for franchise-operated bakery-cafes); 112 new bakery-cafes opened system-wide (53 Company-
owned bakery-cafes and 59 franchise-operated bakery-cafes); and 24 bakery-cafes closed system-wide (three Company-owned
bakery-cafes and 21 franchise-operated bakery-cafes, which included 13 Paradise cafes that de-identified from the brand). Our
fiscal 2011 earnings of $4.55 per diluted share included a favorable impact of $0.05 per diluted share from the repurchase of
877,100 shares under our share repurchase authorization.
In fiscal 2010, we earned $3.62 per diluted share with the following performance on key metrics: system-wide comparable net
bakery-cafe sales growth of 7.9 percent (growth of 7.5 percent for Company-owned bakery-cafes and growth of 8.2 percent for
franchise-operated bakery-cafes); system-wide average weekly net sales increased 7.3 percent to $42,852 ($41,899 for Company-
owned bakery-cafes and $43,578 for franchise-operated bakery-cafes); 76 new bakery-cafes opened system-wide (42 Company-
owned bakery-cafes and 34 franchise-operated bakery-cafes); and three bakery-cafes closed system-wide (two Company-owned
bakery-cafes and one franchise-operated bakery-cafes). Our fiscal 2010 earnings of $3.62 per diluted share included a favorable
impact of $0.10 per diluted share from the repurchase of 1,905,540 shares under our share repurchase authorization.