Industry News | April 8, 2002

Panera Bread Is Ranked as Best-Performing Stock in Business Week/USA Today S&P SmallCap 600 Index

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ST. LOUIS, April 8 /PRNewswire-FirstCall/ -- Panera Bread Company (Nasdaq: PNRA - news) today announced that it was listed this week as the top- performing company, in total return to its shareholders over the last three years, in an analysis of the Standard & Poor's SmallCap 600 index performed by Business Week magazine and USA Today.

The listing appeared in the Spring 2002 edition of the Business Week Fifty, ( ) prepared in conjunction with USA Today.

The publications built their ``Small-Cap 50'' list by adding the one-year and three-year stock-price increases of companies in the Standard & Poor's SmallCap 600 index. Panera was not only the No. 1 performer, with a 769.4% three-year return and a 165.2% one-year return, but was also the only restaurant company in the top 10 companies.

News and information presented in this release has not been corroborated by QSR, Food News Media, or Journalistic, Inc.