724606--2/26/2007--PANERA_BREAD_CO

related topics
{acquisition, growth, future}
{operation, international, foreign}
{cost, operation, labor}
{regulation, change, law}
{personnel, key, retain}
{property, intellectual, protect}
{customer, product, revenue}
{financial, litigation, operation}
{regulation, government, change}
{cost, regulation, environmental}
{condition, economic, financial}
Our growth strategy depends on continued development by our franchisees. If our franchisees do not continue to successfully open new bakery-cafes, our business could be adversely affected. If we fail to comply with governmental regulations or if these regulations change, our business could suffer. If we expand into foreign markets we may be exposed to uncertainties and risks, which could negatively impact our results of operations. Loss of senior management or the inability to recruit and retain other associates could adversely affect our future success. Our failure or inability to protect our brand, trademarks or other proprietary rights could adversely affect our business and competitive position. Competition may adversely affect our operations and results of operation. Rising insurance costs could negatively impact our profitability. Disruptions in our supply chain or increases in ingredient, product and other supply costs could adversely affect our profitability and operating results. Disruptions or supply issues in our fresh dough facilities, could adversely affect our business and results of operations. Customer preferences and traffic could be negatively impacted by health concerns about the consumption of certain products. We are subject to complaints and litigation that could have an adverse affect on our business. We are subject to periodic new accounting pronouncements that could have a material adverse impact on our profitability or results of operations. We periodically acquire existing bakery-cafes from our franchisees, or ownership interests in other restaurant or bakery-cafe concepts, which could adversely affect our results of operations.

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