About Panda
Mission
Deliver exceptional Asian dining experiences by building an organization where people are inspired to better their lives.
Corporate

VALUES

Proactive

We identify opportunities for growth and lead others to create the future we envision.

Respect / Win-Win

We treat each other with respect and seek “win-win” relationships with Guests, business partners and our communities.

Growth

For Panda to grow, we must each learn and grow. We are humble and open to new ideas as our world is constantly changing.

Great Operation

Great operations is a competitive advantage, both in our restaurants and support center.

Giving

We give our time and resources to support each other and our communities.

OVERVIEW

Corporate Overview


The privately-held Panda Restaurant Group, Inc. (PRG) is the largest and fastest growing Asian restaurant company in the nation. Today, under the leadership of Founder and Chairman Andrew Cherng and his wife, Co-Chair Peggy Cherng, PhD, PRG operates three concepts – Panda Inn, Panda Express and Hibachi-San – totaling over 1,500 units, with close to 20,000 associates in 42 states and Puerto Rico. Same store sales, the industry’s benchmark measurement of growth, have increased consecutively for 13 years from 1996 to 2008 with revenue exceeding $1.7 Billion in 2012.

Andrew and his father, Master Chef Ming-Tsai Cherng, established the first Panda Inn restaurant in 1973 in Pasadena, CA to serve gourmet Mandarin and Szechwan cuisine in an upscale, casual-dining atmosphere. They quickly won a loyal following with such original dishes as Tea Smoked Duck, Honey Walnut Shrimp and Lotus Leaf Rice. That provided the springboard and the inspiration for the launch of Panda Express in 1983, fulfilling Andrew’s vision of a unique restaurant that combined the gourmet cuisine of Panda Inn with a fast-casual format. The first Panda Express opened in the Glendale Galleria in Glendale, CA.

Panda Express is the growth engine of PRG, designed for people who welcome the exciting tastes of Chinese food. Each Panda Express is designed with its full-service roots in mind. From granite table tops, to vibrant colors and cultural décor, Panda Express restaurants reflect the company’s uncompromising passion for bringing quality Chinese food to neighborhoods across the United States.

At the core of Panda Express’ values is its commitment to Guest satisfaction. Panda Express and its associates promise to energize guests with signature dishes such as Orange Chicken and Honey Walnut Shrimp, to enlightening Guests through cultural celebrations such as Chinese New Year and to care for its Guests through gracious hospitality and community involvement.

Leveraging its operations expertise and wealth of knowledge about Asian cuisine, PRG introduced Hibachi-San in 1992, a mall-based quick-service restaurant featuring a variety of Japanese grill and bowl entrees.

Panda’s mission is to deliver exceptional Asian dining experiences by building an organization where people are inspired to better their lives. The company has put people at the forefront of its success, investing in countless tools for professional advancement as well as personal growth. The company’s significant expansion plans mean unparalleled opportunities for those with a passion for Panda.

While versatile in non-traditional venues such as malls, airports and amusement parks, the majority of Panda’s portfolio consists of street locations. Panda continues to aggressively accelerate its development focusing on end-caps, free standing buildings and drive-thru concepts. In 1997, Panda opened its first drive-thru restaurant in Hesperia, Calif., paving the way to over 400 drive-thru units today.

PRG is deeply committed to the communities it serves with donations to countless non-profit organizations. Panda Cares is the company’s community involvement initiative, providing food, funding and volunteer services to organizations benefiting children and disaster relief efforts.

PRG’s company values are being proactive, respect/win-win, growth, great operations and giving. Panda is committed to delivering on this commitment to each Guest, Associate and partner.

FACT SHEET

Founder

Andrew Cherng
Founder and Chairman of the Board
 

Company Overview

Panda Restaurant Group is the nation’s leader in Asian dining experiences and one of its largest family-owned businesses, operating several successful restaurant concepts including Panda Express, Panda Inn and Hibachi-San. The company’s mission is to deliver exceptional Asian dining experiences by building an organization where people are inspired to better their lives.
 

Restaurant Concepts

Panda Express offers gourmet Chinese food with signature tastes served in a fast casual environment. Launched in 1983, there are more than 1500 Panda Express locations throughout 42 states, Puerto Rico and Mexico.

Panda Inn offers gourmet Mandarin and Szechuan cuisine in a full service environment. First opened in 1973, Panda Inn currently has 6 Southern California locations.

Hibachi-San is a quick-service restaurant featuring Japanese grill favorites. The concept launched in 1992 with 27 Hibachi-San locations throughout 12 states today.
 

Financial Results

Panda Restaurant Group had annual revenues of more than $1.7 billion in 2012. Panda achieved 13 consecutive years of same store sales growth, averaging 5% from 1996 to 2008.
 

Employees

There are more than 20,000 associates company-wide.
 

Headquarters

Panda Restaurant Group
1683 Walnut Grove Avenue
Rosemead, CA 91770
Tel: 626.799.9898
Website: www.PandaRG.com
 

Executive Management

Andrew Cherng
Founder and Chairman of the Board
Co-CEO

Peggy Cherng, Ph.D.
Co-Chairman of the Board
Co-CEO

Al Chaib
Chief Operating Officer

David Landsberg
Chief Financial Officer and Interim SVP Restaurant Development

Leonard Yip
SVP, Chief Information Officer & Chief People Officer

Monte Baier
General Counsel

 

Media Contact

Panda Restaurant Group, Inc.
Thien Ho
1683 Walnut Grove Avenue
Rosemead, CA 91770
Phone:  626.799.9898 ext. 6058
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