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Panera Bread Company is a national bakery-cafe concept with 1,380 Company-owned and franchise-operated bakery-cafe locations...

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Accounting

Panera Bread Company is a national bakery-cafe concept with 1,380 Company-owned and franchise-operated bakery-cafe locations in 40 states and in Ontario, Canada. The company has grown from serving approximately 60 customers a day at its first bakery-cafe to currently serving nearly six million customers a week system-wide, becoming one of the largest food service companies in the United States. Sara Lee Corporation is a global manufacturer and marketer of high-quality, brand-name products for consumers throughout the world focused primarily on the meats, bakery and beverage categories. Selected financial information about each company follows: Sara Lee Panera Bread Sales$10,793million $1,353.5million Net Income$527million $86.8million Return on Assets (ROA)8.32%11.55% Profit margin 7.05%6.45% Asset turnover 1.18%1.79 Required:Why is Sara Lee less profitable than Panera Bread?Return on assets and return on sales in the bakery industry are 4.85% and 8.16%, respectively. How do these two companies compare to their industry and what might explain any noted differences?EssaySkip to input fieldGroup Ends

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