Panera Bread (PNRA) Said Comparable Bakery-Cafe Sales Increased 9.3%

Panera Bread Company (Nasdaq: PNRA) said revenue increased 35% to $194 million for the first quarter ended March 28, 2006 from $144 million in the comparable period of 2005. Bakery-cafe sales accounted for $155 million of consolidated revenues while franchise royalties and fees and fresh dough sales to franchisees accounted for $39 million of consolidated revenues for the first quarter of 2006.

System-wide comparable bakery-cafe sales increased 9.3% for the four weeks ended March 28, 2006.

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