Panera Bread 2012 Annual Report Download - page 32

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24
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:
For the fiscal year ended
December 25,
2012 December 27,
2011 December 28,
2010
Number of bakery-cafes:
Company-owned:
Beginning of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 740 662 585
Bakery-cafes opened . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59 53 42
Bakery-cafes closed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6)(3)(2)
Bakery-cafes acquired from franchisees (1) . . . . . . . . . . . . . . . . . . . . . . 16 30 40
Bakery-cafes sold to a franchisee (2). . . . . . . . . . . . . . . . . . . . . . . . . . . . — (2)(3)
End of period. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 809 740 662
Franchise-operated:
Beginning of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 801 791 795
Bakery-cafes opened . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 59 34
Bakery-cafes closed (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6)(21)(1)
Bakery-cafes acquired by Company (1) . . . . . . . . . . . . . . . . . . . . . . . . . (16)(30)(40)
Bakery-cafes sold by Company (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 2 3
End of period. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 843 801 791
System-wide:
Beginning of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,541 1,453 1,380
Bakery-cafes opened . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123 112 76
Bakery-cafes closed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (12)(24)(3)
End of period. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,652 1,541 1,453
(1) In March 2012, we acquired 16 bakery-cafes from a North Carolina franchisee. In July 2011, we acquired five bakery-cafes
from an Indiana franchisee. In April 2011, we acquired 25 bakery-cafes from our Milwaukee franchisee. In September 2010,
we acquired 37 bakery-cafes from our New Jersey franchisee. Also, in March 2010, we acquired controlling interest in three
bakery-cafes from our Canadian franchisee and subsequently acquired the remaining noncontrolling interest on December 28,
2010.
(2) In February 2011, we sold two bakery-cafes in the Dallas, Texas market to an existing franchisee. In April 2010, we sold three
bakery-cafes in the Mobile, Alabama market to an existing franchisee.
(3) In June 2011, the franchise agreements for 13 franchise-operated Paradise bakery-cafes were mutually terminated and the
bakery-cafes de-identified from the Paradise brand.
Comparable Net Bakery-cafe Sales
Comparable net bakery-cafe sales growth for the fiscal periods indicated were as follows:
For the fiscal year ended
December 25,
2012 December 27,
2011 December 28,
2010
Company-owned. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.5% 4.9% 7.5%
Franchise-operated . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.0% 3.4% 8.2%
System-wide . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.7% 4.0% 7.9%