Panera Bread Company (Nasdaq: PNRA) today reported that system-wide comparable
bakery-cafe sales increased 3.3% for the four weeks ended August 11, 2001. For the thirty-two weeks ended August 11, 2001,
system-wide comparable bakery-cafe sales increased 6.1%. The breakdown between company-owned and franchised bakery-cafes
is as follows.

Average system-wide weekly sales (excluding the three specialty bakery- cafes) increased 9.8% to $32,614 for the four weeks ended
August 11, 2001 compared to $29,705 for the four weeks ended August 5, 2000.

Panera Bread Company owns and franchises bakery-cafes under the Panera Bread and Saint Louis Bread Co. names. The
company is a leader in the emerging specialty bread/cafe category due to its unique bread combined with a quick, casual dining
experience. Additional information is available on the company’s website, www.panerabread.com .