Panera Bread Company (Nasdaq: PNRA) today reported that net income for the twelve weeks ended October 6, 2001 rose 82% to $2,984,000 or $0.20 per diluted share from $1,644,000 or $0.12 per diluted share for the twelve weeks ended September 30, 2000. For the forty weeks ended October 6, 2001 net income was $8,397,000 or $0.58 per diluted share. This represents an 85% increase compared to net income of $4,543,000 (excluding the one-time pre-tax gain of $900,000 related to the sale of the Au Bon Pain Business Unit) or $0.35 per diluted share for the forty weeks ended September 30, 2000.