Panera Bread to Open in Mountain View

Missouri-based Panera Bread through agents SRS Real Estate Partners announced Tuesday that it would open its first location in Mountain View.

The bakery-cafe has leased a 4,518-square-foot space at 1035 El Monte Ave., at the former site of the Blockbuster Video. This brings more food options to the shopping center, which already includes Starbucks, Jamba Juice, Chipotle and Pizza My Heart.

Panera reported its quarterly earnings on Feb. 5, 2013 and announced a 29 percent increase in revenue year-to-year from Dec. 2011 to Dec. 2012.

Average weekly sales for Company-owned new bakery-cafes for full year fiscal 2012 was a record $47,029 compared to $41,637 in full year fiscal 2011. Average weekly sales for franchise-operated new bakery-cafes for full year fiscal 2012 was a record $46,781 compared to $41,438 in full year fiscal 2011.

Panera Bread Company owns and franchises 1,652 bakery-cafes as of December 25, 2012, including locations in Sunnyvale, Cupertino and San Jose.

The Mountain View restaurant is scheduled to open late summer.

Are you excited for Panera's opening? Do you like the new option, or is it bringing to much competition into El Monte Center? Tell us in comments.

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