Panera Bread 2013 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 31,
2013
December 25,
2012
December 27,
2011
Number of bakery-cafes:
Company-owned:
Beginning of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 809 740 662
Bakery-cafes opened . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63 59 53
Bakery-cafes closed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6)(6)(3)
Bakery-cafes acquired from franchisees (1) . . . . . . . . . . . . . . . . . . . . . . 1 16 30
Bakery-cafes sold to a franchisee (2). . . . . . . . . . . . . . . . . . . . . . . . . . . . — — (2)
End of period. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 867 809 740
Franchise-operated:
Beginning of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 843 801 791
Bakery-cafes opened . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 64 59
Bakery-cafes closed (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2)(6)(21)
Bakery-cafes acquired by Company (1) . . . . . . . . . . . . . . . . . . . . . . . . . (1)(16)(30)
Bakery-cafes sold by Company (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 2
End of period. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 910 843 801
System-wide:
Beginning of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,652 1,541 1,453
Bakery-cafes opened . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 133 123 112
Bakery-cafes closed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (8)(12)(24)
End of period. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,777 1,652 1,541
(1) In April 2013, we acquired one bakery-cafe from a Florida franchisee. 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.
(2) In February 2011, we sold two bakery-cafes in the Dallas, Texas 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 (1)
December 31,
2013
December 25,
2012
December 27,
2011
Company-owned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.5% 6.5% 4.9%
Franchise-operated . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.9% 5.0% 3.4%
System-wide . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.2% 5.7% 4.0%
(1) Comparable net bakery-cafe sales for fiscal 2013 contained 53 weeks of sales, with an impact of approximately $28.3 million
and $30.5 million of net bakery-cafe sales in the additional week for Company-owned and franchise-operated base store
bakery-cafes, respectively. Adjusted to reflect a comparative 53 week period in fiscal 2012 (52 weeks in fiscal 2012 plus
week one of fiscal 2013), Company-owned, franchise-operated, and system-wide comparable net bakery-cafe sales for the
fiscal year ended December 31, 2013, or fiscal 2013, would have been approximately 2.6 percent, 2.0 percent, and 2.3 percent,
respectively.