St. Louis-based bakery-cafe chain Panera Bread Co has revealed that system-wide comparable outlet sales (excluding specialty bakery-cafes and closed locations) increased 5.6% year on year for the four weeks ended 20 April 2002.
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The breakdown between company-owned and franchised bakery-cafes is as follows:
For the 4 weeks For the 16 weeks
ended April 20, 2002 ended April 20, 2002
Company-owned 4.1% 5.3%
Franchised 6.3% 5.6%
Total System 5.6% 5.5%
Meanwhile, average system-wide weekly sales (excluding specialty bakery-cafes and closed locations) increased 5.5% to US$34,376 for the four week period, compared to US$32,585 for the equivalent four weeks ended 21 April 2001. Average system-wide weekly sales (excluding specialty bakery-cafes and closed locations) increased 5.9% to US$34,264 for the 16 weeks ended 20 April 2002, compared to US$32,345 for the 16 weeks ended 21 April 2001.
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