At what enterprise value was PANERA BREAD COMPANY acquired in 2017?

During the acquisition of PANERA BREAD COMPANY by JAB BEECH in 2017, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Retail & Consumer industry currently tracks an average EBITDA multiple of 11.5x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of PANERA BREAD COMPANY when it was acquired by JAB BEECH?

The estimated EV/EBITDA multiple for PANERA BREAD COMPANY is in the range of 15x - 25x. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.5x. Join our community for free to access full valuation data and industry trends.

When was PANERA BREAD COMPANY acquired by JAB BEECH?

PANERA BREAD COMPANY was acquired by JAB BEECH in 2017.

What was the revenue of PANERA BREAD COMPANY at the time of the deal?

The revenue of PANERA BREAD COMPANY at the time of the deal is estimated to be in the range of 1b - 3b USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of PANERA BREAD COMPANY during the acquisition?

PANERA BREAD COMPANY's EBITDA is estimated to be in the range of 250M - 500M USD. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the PANERA BREAD COMPANY acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the PANERA BREAD COMPANY deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.sec.gov/Archives/edgar/data/724606/000119312517110852/d373350dex991.htm

← DATABASE

Home Database Retail & ConsumerPANERA BREAD COMPANY

04/2017

PANERA BREAD COMPANY

Acquired by

JAB BEECH

UNITED STATES Hospitality & Leisure / Hospitality / Restaurants / Chains EV 3b - 100b USD

PANERA BREAD COMPANY acquired by JAB BEECH

UNITED STATES Hospitality & Leisure / Hospitality / Restaurants / Chains EV 3b - 100b USD

Context

JAB entered into a definitive merger agreement to acquire Panera Bread Company. The transaction was unanimously approved by Panera's Board of Directors and expected to close in the third quarter of 2017, subject to shareholder approval and regulatory clearances. The strategic rationale reflects JAB's continued build-out of its coffee and quick-casual platform, adding Panera as a leading bakery-café concept with strong brand equity and innovation momentum. Panera's digital, wellness, and omni-channel initiatives align with JAB's portfolio themes, offering cross-pollination opportunities across its beverage-heavy holdings. Post-deal, Panera management would retain operational independence to execute its growth plan. This transaction underscores accelerating consolidation in fast-casual, validating premium valuations for digitally mature platforms with clean-label positioning.

PANERA BREAD COMPANY, which reported an EBITDA margin of LOGIN in 2016, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Retail & Consumer sector (11.5x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Panera Bread Company operates as a leading quick-casual restaurant chain headquartered in St. Louis, Missouri, United States. The company specializes in freshly baked breads, soups, salads, sandwiches, and coffee served through its bakery-café format. Founded as a small cookie store in Boston, Panera has evolved into a major player in the fast-casual segment with a menu emphasizing antibiotic-free proteins, seasonal flavors, and clean ingredients free from artificial additives. As of December 27, 2016, the system included 2,036 bakery-cafés under the Panera Bread, Saint Louis Bread Co., and Paradise Bakery & Café names across 46 states and Ontario, Canada. Panera holds a differentiated position in the quick-casual market, having delivered the best-performing restaurant stock over the prior twenty years with returns exceeding 8,000%. Its value proposition centers on quality food in a welcoming environment, positioning it as a challenger to traditional quick-service restaurants while appealing to health-conscious consumers. The business model balances company-owned and franchised locations, generating revenue from bakery-café sales, franchise royalties, and wholesale bakery operations.

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REFERENCES

Valuation range: EV 3b - 100b USD

Revenue range: 1b - 3b USD

EBITDA range: 250M - 500M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of PANERA BREAD COMPANY by JAB BEECH are reserved for mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: jab beech