Panera Bread Company (Panera Bread), operates retail bakery-cafes. As of December 30, 2008, the Company operated, directly and through area development agreements with 39 franchisee groups, 1, 252 bakery-cafes (527 Company-owned and 725 franchise-operated, bakery-cafes). During the fiscal year ended December 30, 2008 (fiscal 2008), Panera opened 91 bakery-cafes system-wide (30 Company-owned and 61 franchise-operated bakery-cafes) and closed six bakery-cafes system-wide (four Company-owned and two franchise-operated bakery-cafes). Bakery-cafes are principally located in suburban, strip mall and regional mall locations, and operate in 38 states. The menu includes a variety of year-round favorites, complemented by new items introduced seasonally. Panera Bread operates as three business segments: the Company-owned, bakery-cafe operations segment; the franchise operations segment, and the fresh dough operations segment.
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