Panera Bread Company Analysis

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FINANCIAL ANALYSIS

Financial Analysis – Panera Bread (PNRA)

TABLE OF CONTENT

a- Overview of The Panera Bread Company ------------------------------4 b- The Latest Financial Statement 2009-2011 ------------------------------5 c- Summary of each Financial Statement ------------------------------8 d- Ratio Analysis (Five major types of ratios) -----------------------------10

e- Panera Bread’s Ratios Vs. Industry Average -----------------------------12
f- Discussion of Key Statistics provided by sources (Yahoo) ----------------------------13
g- A graph of historical price of 5 years and Forecasting for the next Year ----------- 20
h- Panera Bread Future Performance -----------------------------25
i- Recommendations -----------------------------------25
j- References -----------------------------------26

Financial Analysis – Panera Bread (PNRA)

Overview
The birth of the Panera Bread Company started in 1981 and was first known as Au Bon Pain Co. Originally established by Louis Kane and Ron Starch, This small cap stock company belongs to the bakery-café portion of the restaurant industry. Under the name Au Bon Pain the company established chains on the Eastern Coast of the U.S. and additional locations Internationally. After being purchased in 1993 by Saint Louis Bread Company, restructuring of the company took place. The overall concept of the company transitioned and the new company name Panera Bread was established in May of 1999. At this same moment their Au Bon Pain business entity was sold. When all of these changes took place their stocks increased and created over $1 billion in shareholder value (Panera Bread, 1999-2012). Their stocks are sold on NASDAQ stock market, holding a ticker symbol of (PNRA). As of 2008 Panera Bread has company-owned as well as franchise locations in 42 states, Washington D.C., and Canada. The most recent purchase occurred in December of 2011 when they purchased five Paradise Bakery & Cafe (Paradise) bakery-cafes from an Indiana franchisee (Reuters, 2012). The company is known for providing consumers with choices of soups, salads, breads, and other bakery-café items. Many of their products are natural and organic. In addition to being a part of the bakery-café industry, many are considering Panera Bread a fast casual eatery option. Even though they may be smaller compared to large food chains that provide fast food such as McDonalds; they are still considered a significant competitor because they are not providing fast service but healthier alternatives to their conscious consumers (Gasparro, 2012).

The Latest Financial Statement 2009-2011

Income Statement
View: Annual Data | Quarterly Data| All numbers in thousands|

Period Ending| Dec 26, 2011| Dec 27, 2010| Dec 28, 2009| Total Revenue | 1,822,032   | 1,542,489   | 1,353,494   | Cost of Revenue| 1,185,969  | 1,005,912  | 904,419  | |
Gross Profit | 636,063   | 536,577   | 449,075   | |
| Operating Expenses|
| Research Development| -  | -  | -  |
| Selling General and Administrative| 329,320  | 278,553  | 238,565  | | Non Recurring| 6,585  | 4,282  | 2,451  |
| Others| 79,899  | 68,673  | 67,162  |
| |
| Total Operating Expenses| -  | -  | -  | |
| |
| |
Operating Income or Loss | 220,259   | 185,069   | 140,897   | | | |
| Income from Continuing Operations| |
| Total Other Income/Expenses Net| 466  | (4,232)| (273)| | | Earnings...
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