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Panera Bread Sales Rise

ST. LOUIS-Panera Bread Co.'s sales rose sharply last month in both company-owned and franchised stores.

By Dana Dubriwny | Updated on June 01, 2005

ST. LOUIS-Panera Bread Co. reported Tuesday that same-store sales for bakery-cafes that have been in operation for at least 18 months increased last month by 10.3% for the four weeks ended May 17. Of that, company-owned bakery-cafe sales increased 9.1%, while franchised units spiked 10.7%. Panera also reported that overall same-store sales this year have grown 7.3%.

Contiguous with its expansion plans, the bread company announced today a franchise agreement with Pangenera LLC for expansion in California. The group plans to develop 15 bakery-cafes in San Mateo, Santa Cruz and Santa Clara counties by 2010. “We are confident that we will quickly establish Panera Bread as the leading bakery-cafe on the West Coast,” said Mike Kupstas, senior vice president and chief franchise officer of Panera Bread.

Last week, Panera announced the bakery-cafe retailer entered into agreements with Manna Development Group LLC and Trigo Bread Co. LLC to open stores along the West Coast and in the Midwest. Manna Development signed its initial agreement in 2002 with a commitment to open 15 Panera Bread bakery-cafes in North San Diego and has plans to open an additional 10 bakery-cafes in South San Diego by 2012. Trigo Bread plans to open 15 bakery-cafes in Southern Michigan and will open an additional six bakery-cafes in Ohio counties adjacent to the franchisee’s current markets.

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