Content Spotlight
Tech Tracker: How digital tech is capitalizing on the hot restaurant reservations market
Tock and Google now offer experience reservations; Diibs launches as a platform for bidding on last-minute reservations
Company is building its driver network for launch at up to 300 units this year
Panera Bread Co. is investing in a program to build an in-house delivery network at 10 percent of its system this year, executives said Wednesday.
The St. Louis-based company expects to have delivery offerings in 200 to 300 of its 1,972 company and franchised units by the end of the year, said Ron Shaich, Panera founder, chairman and CEO, in an earnings call with analysts.
“We couldn’t be whipping the troops harder on this one,” Shaich said, noting that the increase in the number of delivery units, which has been tested at 25 locations in two markets, is expected to be tenfold for the year. “We couldn’t be moving more quickly. We think this is a very significant opportunity with very attractive economics.”
In addition to announcing the deli...
This content is available for registered users
Already Subscribed?