Today Panera Bread Company celebrates two significant business milestones - the upcoming opening of the 1,000th Panera bakery-cafe and Panera’s success as a publicly traded company on NASDAQ. The Company is celebrating by ringing The NASDAQ Stock Market Opening Bell this morning.
Panera Bread Chairman and CEO Ron Shaich commented, “Our 1000th opening, expected in early November in Oakbrook, Illinois comes on top of Panera’s industry-leading performance over the last 10 years, and the power of a concept that continues to deliver among the highest volumes in the industry.”
Shaich continued, “Today, Panera enjoys a unique standing among a select few distinguished companies that have meaningfully impacted the consumer consciousness. Earlier this year, Panera was highlighted by the Wall Street Journal for its outstanding stock performance - both over the short-term and long-term. Panera demonstrated industry leading stock performance as measured by the Wall Street Journal ‘Shareholder Scoreboard,’ which evaluates stock growth for the Dow Jones U.S. Total Market Index’s 1,000 largest companies. Panera Bread topped the list in the Restaurants and Bars category for one-year shareholder returns (63% return), five-year shareholder returns (42% return) and ten-year shareholder returns (32% return), besting notable companies in the restaurant category including Starbucks, Darden Restaurants, Wendy’s, Cheesecake Factory, McDonald’s and Outback Steakhouse. Across the 1,000 largest companies that were ranked, Panera was the 28th best performer as measured by shareholder return over the last 10 years.
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