724606--3/9/2006--PANERA_BREAD

related topics

{acquisition, growth, future}

{condition, economic, financial}

{cost, operation, labor}

{personnel, key, retain}

{customer, product, revenue}

{property, intellectual, protect}

{financial, litigation, operation}

{regulation, government, change}

{cost, regulation, environmental}

{competitive, industry, competition}

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. We depend on senior management and on the retention and recruiting of other personnel for 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 a material adverse affect on our business. We periodically acquire existing bakery-cafes from our franchisees, which could adversely affect our results of operation. Our operating results fluctuate due to a number of factors, some of which may be beyond our control, and any of which may adversely affect our financial condition.

Full 10-K form ▸

724606--3/9/2006--PANERA_BREAD_CO