Panera Bread Company (PNRA) operates over 2,000 bakery-cafe locations throughout the United States and Canada and serves over 9 million customers per week. Panera’s operations are divided into the following segments:
- Company-Operated Bakery-Cafes
- Franchised Bakery-Cafes
- Fresh Dough and Other Products
The Fresh Dough and Other Products segment supplies fresh dough, produce, tuna, and other products to the company-operated and franchised cafes. Recent data (in millions) for each of these segments are as follows:
- a. Determine the profit margin for each segment. Round to one decimal place.
- b. Determine the investment turnover for each segment. Round to two decimal places.
- c. Use the DuPont formula to determine the
return on investment for each segment. Round to one decimal place. - d. Which segment has the highest profit margin, investment turnover, and return on investment? Explain why.
- e. If franchised cafes are more profitable, why would Panera operate company- owned cafes?
MAD 24-3 Analyze Papa John’s International, Inc. Obj. 6
Papa John’s International, Inc. (PZZA), operates over 5,000 restaurants in the United States and 45 countries. The company operates primarily as a franchisor with 4,353 franchised restaurants and 744 company-operated restaurants. Recent data (in millions) for the company-operated and North America franchised restaurants are as follows:
- a. Determine the profit margin for each segment. Round to one decimal place.
- b. Determine the investment turnover for each segment. Round to two decimal places.
- c. Use the DuPont formula to determine the return on investment for each segment. Round to one decimal place.
- d. Analyze and interpret the results of (a), (b), and (c).
MAD 24-4 Compare Panera Bread and Papa John’s Obj. 6
Compare Panera Bread (PNRA) and Papa John’s (PZZA) using your computations from MAD 24-2 and MAD 24-3.
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