Industry News | October 29, 2007

Panera Sets the Record Straight

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The St. Louis Business Journal reported Friday that Panera Bread (Nasdaq: PNRA) is considering moving its St. Louis,Missouri-based offices to Boston to accommodate the company's growth. That reference was inaccurate--Panera Bread is not considering the option of consolidating its St. Louis offices with its Boston-area office. The company is instead searching for space in the St. Louis area to combine its current office locations in Richmond Heights and Brentwood, Missouri. Panera Bread says it plans to continue its 20-year presence in St. Louis and looks forward to growing both its St. Louis and Boston-area offices as they continue to expand.

The company says it is committed to using great tasting, quality ingredients in the food it offers and to contributing to the neighborhoods in which its customers and employees live and work through programs like Operation Dough-Nation. Headquartered in Richmond Heights, Panera Bread owns and franchises 1,115 bakery-cafes under the Panera Bread and Saint Louis Bread Co.