Panera Bread Annual Report Project 2016

Panera Bread Annual Report Project 2016

ACC 331 B

Table Of Contents

Table Of Contents

Works Cited

Appendix of Ratios

Liquidity Ratios

Profitability Ratios

Long-Term Solvency Ratios

In 1987, Kirkwood, Missouri, Ron Shaich founded and opened the first Panera Bread. Almost thirty years later, Shaich still leads his company as CEO and chairman of the Board of Directors (Panera). Panera Bread, a food service provider, is particularly focused in deli and bakery options. The quality of Panera Bread food is meant to change the status quo in the fast food industry. Shaich’s mission for Panera Bread is to offer transparently healthy, preservative-free food to their customers (Shaich). The company heavily implements this as one of their values even if it costs more. However, this system is highly admired by their customers who are looking for healthy but also convenient food. The company’s headquarters is located close to where the company was founded, in St. Louis, Missouri. Panera offers a wide variety of products, from soups and sandwiches to bagels and cookies. Recently, Panera released a “no no” list of artificial preservatives, sweeteners and flavors that should never be in the food consumers eat. It is noteworthy that Panera puts customer’s health above the cheapest production option. The company also offers several innovative services, such as catering, drive-thrus, online ordering, rapid pick-up orders, and table delivery to in-house diners. Panera cafes also have free wi-fi and cozy atmospheres in over 1,900 locations in the U.S. and Canada. Panera Bread is a stand-out restaurant from typical fast-food chains. However, Panera’s competitors are still the big chains such as McDonald’s and Wendy’s, coupled with fierce competition against Starbucks and Chipotle which offer similar atmospheres and services (Yahoo!).

Panera Bread is publicly traded on the Nasdaq Stock Exchange listed under the ticker symbol “PNRA”. The stock price’s 52-week low is $165.17, and the 52-week high is $220.44. Panera’s fiscal year end date for 2015 was December 29th, with their fiscal year consistently ending in December. The current 2015 year net income was $149,342,000. Also, the independent auditing firm for Panera Bread is PricewaterhouseCoopers LLP (Panera).

As the year ended for 2015, much has changed for Panera Bread. The company has increased their accountability for preservative free food as well as increased social responsibility