Top Panera Bread Competitors & Similar Companies
Panera Bread is one of the leading bakery/café fast casual food restaurant chain in USA. The company was formed in 1987 and is headquartered in St Louis, Missouri, United States. The company’s annual revenue is nearly $2 billion.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
Below we look at the top 7 competitors of Panera Bread.
1. McDonald's:
McDonald's was founded in 1940 by Richard and Maurice McDonalds and primarily sells hamburgers, chicken products, cheese burgers, breakfast items, soft drinks, milkshakes and desserts. The restaurant has also included salads, smoothies, fish wraps and fruits. The mode of operation is either franchise based, an affiliate or by the corporation itself.
2. Starbucks:
Starbucks is a prime coffee shop chain located in different parts of the world. Starbucks has approx. 24500 with major outlets in USA, China, Canada, Japan, and South Korea.
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3. Chipotle Mexican Grill:
Chipotle Mexican Grill is an American chain of restaurants serving Mexican food founded by Steve Ells in 1993. The main aim of the restaurants was to integrate fine-dining with quick service restaurants and have been successful in doing so. It is present in five countries namely United States, United Kingdom, France, Germany and Canada with a staff of around 50000 employees in 2500 locations.
4. Domino's:
Dominos Pizza is a restaurant chain based in America founded in 1960. Dominos has its headquarters in Michigan, USA and serves worldwide across 80+ countries. Dominos is one of the largest pizza chain in the world and sells on an average more than 1.5 million pizzas per day.
5. KFC:
KFC is an American Fast food chain earlier called as Kentucky Fried Chicken. It was established in Colonel Harland Sanders with humble beginning in a roadside stall during great depression. KFC is one of the largest fast food chain in world along with McDonalds.
6. Wendy's:
Wendy's is an American fast food venture, and it is one of the leading international fast food chains that is famous for its hamburgers. The company was founded by Dave Thomas in the year 1969, in Columbus, Ohio but now the headquarters are in Dublin, Ohio. Wendy's was a self-owned company until the year 2008, after that it got merged with Tirac Companies Inc., and now the merger is known as “The Wendy's Company.” Wendy's is on of largest fast-food chain after McDonald’s and Burger King.
7. Subway:
Subway founded in 1965 in Bridgefort Connecticut, has been growing at the highest pace as a world franchise. Subway has its presence in 100 countries and territories with over 35,000 restaurants as on 2021. This American fast food restaurant chain mainly serves its customers with variety of tasty submarine sandwiches and salads.
To conclude, the above article highlights the various competitors which compete with Panera Bread. This understanding helps to evaluate the various external business factors for any company.
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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