Panera Bread Value Stock - Dividend - Research Selection
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Description of the company
Panera Bread Company (Panera) is a national bakery-cafe concept with 1,541 proprietary and franchise-operated bakery-cafe locations in 42 states, the District of Columbia and Ontario, Canada. Panera operates under the brands Panera Bread, Saint Louis Bread Co. and Paradise Bakery & Cafe. Its bakery cafes are located in urban, suburban, strip mall and regional shopping malls. The company operates in three business areas: bakery and coffee, franchise, fresh food and other product businesses. As of December 27, 2011, the company's bakery and café business comprised 740 owned bakery cafes in the United States and Ontario, Canada. On July 26, 2011, the company purchased five Paradise Bakery & Cafe (Paradise) bakery cafes and related territorial development rights from an Indiana franchisee. On April 19, 2011, the company purchased 25 bakery cafes and related territorial development rights from a Milwaukee franchisee.