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PANERA BREAD CO

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2017 10-Q, filed Apr 26, 2017. Its latest SEC filing is a SC 13G/A from Aug 10, 2017.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Runs bakery-cafes selling meals and baked goods to diners; also supplies fresh dough and other products to franchisees.

How Did They Make Money?

Bakery-cafe customers pay for food when it is delivered, and franchisees pay for fresh dough and other products on delivery. Panera also collects weekly royalties based on franchisee sales and initial fees, part at signing and the remainder when a bakery-cafe opens.

revenue

Who Were Their Customers?

Guests buy food at company-owned and franchise-operated bakery-cafes; Panera supplies franchisees with fresh dough and other products, while catering customers can order online.

Did Revenues Turn Into Profits?

Yes. It kept 5 cents of every revenue dollar as net income in .

Operating income,
9% of revenue
▼ −1% vs ($241.6M, 9%)
Net income,
5% of revenue
▼ −3% vs ($149.3M, 6%)

How Were They Changing?

Since the FY2016 annual report
Latest quarter: Q1 FY2017, the three months to Mar 28, 2017
Revenue
▲ +6%
vs $685.2M in Q1 FY2016
Net income
▲ +21%
vs $35.1M in Q1 FY2016
  • Jul 18, 2017 JAB completed its acquisition of Panera Panera became a wholly owned subsidiary of JAB, and its shares stopped trading on Nasdaq.

Grew. Revenue grew 31% in 4 years, from $2.1B in to $2.8B in , about 7% a year.

More ways to buy The older report describes bakery-cafe dining and catering; the latest adds mobile ordering, Rapid Pick-Up, delivery, and consumer packaged goods sold through grocers.

Broader ingredient standards The older report describes fresh ingredients and selected natural or organic items; the latest says its U.S. bakery-cafe menu removed artificial flavors, sweeteners, preservatives, and colors from artificial sources.

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