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Trivia for those who don't know, Panera was originally called "St. Louis Bread Company". I am curious, because the article is light on details, how the company
by mikeknoop 15y ago
Trivia for those who don't know, Panera was originally called "St. Louis Bread Company".
I am curious, because the article is light on details, how the company defines "success". Presumably, the company is taking a 100% loss on everything sold with all donations being passed on. Is "success" defined as accumulating donations approximately equal to to the cost of running that location? With all the good will advertising on top?
- amock 15y agoThe article says "Overall, the cafe performs at about 80% of retail and brings in revenue of about $100,000 a month. That's enough to generate $3,000 to $4,000 a month above costs, money being used for a job training program for at-risk youths." so it sounds like success includes being profitable. It doesn't seem like Panera is as quite as charitable as you thought.
- jcampbell1 15y agoAnd, it doesn't sound like much of a success. If they just donated the profits from that store to charity, the charity would presumably receive $24k per month. That being said, it is nice to know that a little faith in humanity doesn't result in a disaster.
- Natsu 15y ago> And, it doesn't sound like much of a success. If they just donated the profits from that store to charity, the charity would presumably receive $24k per month. That analysis appears to forget the charity given directly by the store to those people who weren't able to pay for all of their food, but were able to have birthday meals and whatnot they could not otherwise have afforded. I understand the thinking, but there's something to be said for not optimizing everything away.