What does the data in Exhibit 1 reveal about Panera Bread's financial performance? How well is the company doing financially? Use the financial ratio as a guide in doing the calculations needed to arrive at an analysis-based answer to your assessment of Panera's recent financial performance. There are occasions when you will also need to calculate compound average growth rates for certain financial measures. Use the formula for calculating CAGR (in percentage terms)

CASE Panera Gread Company In 2016 EXHIBIT1 Selected Consolidated Financial Data for Panera Bread, 201-2015 (in thousands, except for per-share amounts) 2012 Income Statoment Data Bakery-cal saies Franchise royaties and tees Fresh dough and other product sales 7,358,794 $2,230,370 $2,108,908 $1,879,280 $1,592,951 138,563123,686 112,641 102,076 92,793 to franchisees 184,223175,139 163,453 148.701136.288 2,681,580 2,529,195 2,385,002 2.130,057 1822,032 Total revenues Bakery-caf expenses: Food and paper products 715,502 669,860 625,622 552,580 470,398 754,646685,576 625,457 559,446 484,014 169,998 159,794 148,816 130,793 115,290 334.635 314.879 295,539 256,029 216.237 974,781 1,830,109 1,695,434 1,498,848 1.285,939 Other operating expenses Fresh dough and other product cost of salles Depreclation and amortization Total bakery-caf expenses 160,706152,267 142,160 131,006 116,267 135,398 124.109 106,52390,939 79,899 142,904 138,060 123,335 117,932 113,083 General and administrative expenses 8,707 Total costs and expenses 2,439,986 2,253,252 2,075,246 1,847,187 1,601,773 241,594 275,943 309,756 282,870 220,259 822 Operating profit Interest expense Other (Iincome) expense, net Income taxes Less net income (loss) attributable to 1,824 1,053 3,830 1.192 (3,175) (4,017) (1.208) 1,082 (466) 87.247 98,001 16551 109,548 83,951 non-controlling Interest Net Income to shareholders Earnings per share $149325 $ 179.293 i 196169 $149,325 179,293 $ 196,169 $ 173,448 $ 135,952 3A48 $ 135,952 $5.81 $6.67$6.85 $5.94$4.59 5.79 664 6.81 5.89 4.55 Basic Weighted average shares outstanding Basic 25,685 26,881 28,629 29,217 29,601 25,788 26,999 28,794 29,455 29,903 Balance Shoot Data Cash and cash equivalents Current assets Total assets Current lablates Total Ilabilities Stockholders' equity 241,886 196,493 $ 125,245 $ 297,141 $ 222,640 502,789 406,166302,716 478,842 353,119 1,475,318 1,390,686 1,180,862 1,268,163 1,027,322 399,443 352,712 303,325 277,540 238,334 974,037 654,502 480,970 446,244 372246 497,300 736,184 699,892 821919 655,076 Cash Flow Data 318,045 335,079 $ 348417 s 289,456 s 236,889 (165,415) (211,317) (188.307) (195,741) (152,194) Net cash provided by operating activites Net cash used in investing activities Net cash (used In) provided by financing activitles (107,237) (52,514) (332006) (19,214) Net (decreasel) increase in cash and cash equivalents 45,393 71248 (171,896) 74,501 (6,659) Sources: 2015 10-K roport. pp. 43-46 2014 10-x report pp. 41-43 2013 10-K report pp pp. 43-46; 2014 10-K report, pp. 41-4, 2013 SOK report pp. 4.4% 20t110-K report pp 41-43