Thank you for sharing!

Your article was successfully shared with the contacts you provided.

RICHMOND HEIGHTS, MO-Bakery and café owner Panera Bread Co. said revenue jumped 30% in the third quarter, rising to $205 million, a $47-million increase from the same quarter a year earlier when revenue was $158 million.

The St. Louis-based chain, which operates 939 bakery and cafés in 37 states under the Panera Bread and Saint Louis Bread Co. names, said sales at stores open at least 18 months rose 2.9% during the 13-week period ended Sept. 28. Company-owned store sales increased 2.5% and franchise sales rose 3% during the quarter. Year-to-date sales were up 4.9% company-wide.

Sales at Panera’s bakery-cafes accounted for $165 million of consolidated revenue in the period, while franchise royalties and fees along with fresh dough sales to franchises made up $40 million, the company said.

In the four weeks prior to the end of the quarter, total sales at comparable stores increased 5.9%. Company-owned comparable store sales were up 5.2% during that period while franchise same store sales rose 6.2%.

The company said comparable store sale for the four-week period ended Sept. 26 were positively impacted by a drop in sales in markets impacted by Hurricane Katrina in 2005. The impact of that hurricane increased system-wide sales by 1/2% to 1% for the four-week period, the company said.

Panera opened 38 new bakery-cafes during the quarter, 21 of which were franchised. The company plans to report its full earnings after the market close on Tuesday, Oct. 24.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.