Industry News | October 26, 2001

Panera Bread Reports System-Wide Sales

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Panera Bread Company (Nasdaq: PNRA) today reported that system-wide comparable bakery-cafe sales increased 5.4% for the four weeks ended October 6, 2001. For the twelve weeks ended October 6, 2001, system-wide comparable bakery-cafe sales increased 3.9%.

Average system-wide weekly sales (excluding the three specialty bakery-cafes) increased 5.7% to $33,844 for the twelve weeks ended October 6, 2001 compared to $32,029 for the twelve weeks ended September 30, 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.