Panera Bread is a popular chain of bakery-café fast casual restaurants that was founded in 1987 by Ken Rosenthal in Kirkwood, Missouri. The company was originally known as Au Bon Pain Co., Inc., and it operated a number of bakery-cafés under the Au Bon Pain brand. However, in 1999, the company decided to focus on its fast casual dining concept and rebranded its cafes as Panera Bread.
The name "Panera" is derived from the Latin word for "bread basket," which reflects the company's focus on fresh, artisanal breads. In addition to its signature breads, Panera also offers a variety of soups, sandwiches, salads, and pastries, as well as coffee and other beverages.
One of the key factors in Panera's success has been its commitment to using high-quality, fresh ingredients in all of its menu items. The company sources its ingredients from local farms and suppliers whenever possible, and it has a strict no-artificial-preservatives policy for its breads and baked goods.
In addition to its focus on food quality, Panera has also been known for its commitment to sustainability and environmental responsibility. The company has implemented a number of initiatives to reduce its carbon footprint and support local communities, including reducing waste, using energy-efficient equipment, and supporting local farmers and suppliers.
In the decades since its founding, Panera has grown to become a major player in the fast casual dining industry, with over 2,000 locations in the United States and Canada. It has also been recognized for its strong corporate culture, with the company being named one of Fortune's "100 Best Companies to Work For" multiple times.
Today, Panera Bread continues to be a popular destination for diners seeking high-quality, fresh food in a comfortable and inviting atmosphere. Whether you're in the mood for a warm, freshly baked loaf of bread, a hearty bowl of soup, or a refreshing salad, Panera has something to satisfy every craving.
Panera Bread Lunch Meals Reviewed and Ranked
The average unit volumes increased by 75% during the years 1993 to 1997. However, it used some of its cash for share repurchases, capex, and the repayment of long-term loans. Most of the bakery-cafés were located in and around major urban centers, including Boston, other New England cities, New York, Philadelphia, Pittsburgh, Washington, D. By 1997, it was clear that Panera Bread had the potential to become one of the leading brands in the nation. Retrieved October 30, 2018.
The History of and Story Behind the Panera Bread Logo
Food served in a warm, welcoming environment, by people who care. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers. Retrieved October 29, 2018. Three of the threats to profitability—the threat of substitutes, the threat of new entrants, and rivalry among existing firms—are high. S, was founded in the same location Denver, U. This begins with the offering of brilliant mid-evaluated food. Panera Bread transitioned into a national restaurant in May 1999.
Panera Bread History: How Has Panera Held Up in the Fast Casual World?
Its total expenses increased at a higher rate than its revenue, which caused its profitability to fall. On June 17, 2014, Panera issued another memo, which provided an update on its food policy. For example Definition Of Core Competencies : Panera Core Competencies: Panera has created and demonstrated many center skills. He saw they were hungry for an experience they respected: real food, served in an engaging environment by people with self-respect. During the early expansion of Au Bon Pain, another bakery-café, St. At the bottom of the table you'll find the data summary for the selected range of dates. In many ways, the new chain was a pioneering undertaking, one of the first to develop a concept that became popular in the next decade: the bakery-café, offering on-site service for sit down customers.
