Case Name :      Panera Bread Company

Authors :           Marc Lipson

Source :             Darden School of Business

Case ID :           UV1066

Discipline :        Finance

Case Length :    08 pages

Solution Sample availability : YES

Plagiarism : NO (100% Original work)

This case can be used to discuss multiperiod financial forecasts and the relative desirability of various financing sources. As 2007 drew to a close, Panera Bread Company faced a new challenge. To date, it had relied on retained earnings and minor equity infusions to finance operations. But a decline in margins would limit future financing from internally generated funds. Complicating matters was the fact that its stock price was at historic lows and management was contemplating a large equity repurchase.