Panera Bread (I appreciate their free Wifi) reported company-owned same-store sales increase of 3.3% for its third quarter ended Sept. 29, 2009.
Franchise-operated same-store sales increased 2.5%, marking a systemwide increase of 2.8% compared to the same period last year. The company-owned comps increase showcased transaction growth of 1.8% for the quarter, and average check growth of 1.5%. Average check growth was comprised of retail price increases of approximately 2.25% and negative mix impact of approximately -0.75%.
Buffalo Wild Wings company-owned restaurant sales increased 26% for the quarter versus the same period in 2008.
The growth was driven by a company-owned same-store sales increase of 0.8% and 33 additional company-owned restaurants in operation at the end of the 2009 third quarter. Franchise-owned same-store sales increased 1.9% for the quarter and 52 additional franchised restaurants were in operation during that time.
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Ryan is an attorney and valuation specialist residing in Chicago. He chronicles his thoughts and research on FranchisePundit.com. You may reach him by email ryanknoll@gmail.com or mobile telephone 312-715-8115.
This is definitely good news! To hear of increased sales or anything denoting progress is so inspiring especially now that the negative effects of economic downturn worry the business sector and the labor sector, too. This is maybe the motivating factor which causes many of those with entrepreneurial spirit and skills opt to take franchising as their means to venture into the business world. Along this line, we can see a more positive development for franchising.