| Founder: |
Andrew Cherng Founder and Chairman of the Board |
| Company Overview: | Panda Restaurant Group is the nation's leader in high quality Asian foodservice and one of the largest family-owned businesses in the nation, 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 served in a fast casual environment. Launched in 1983, there are more than
1,200 Panda Express locations throughout 37 states and Puerto Rico.
Panda Inn offers gourmet Mandarin and Szechuan cuisine in an upscale, casual-dining atmosphere. Panda Inn currently has five Southern California locations in Glendale, La Palma, Ontario, Pasadena and San Diego with a new location at Universal City Walk, Hollywood, scheduled to open in June. The first restaurant opened in 1973. Hibachi-San is a quick-service restaurant featuring Japanese grill favorites. Hibachi-San has 28 locations throughout 13 states: Arizona, California, Colorado, Florida, Georgia, Hawaii, Maryland, Missouri, Nebraska, Nevada, New Jersey, Texas and Utah. The concept launched in 1992. |
| Financial Results: | Panda Restaurant Group had annual revenues of more than $1 billion in 2007 and 2008. Panda has achieved 11 consecutive years of same store sales growth, averaging 5% over that time. Additionally, Panda's net sales have grown by a compounded annual rate of 20% over the last 5 years. |
| Employees: | There are more than 18,000 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 Peggy Cherng, Ph.D. Co-Chairman of the Board John F. Theuer Chief Financial Officer Glenn Lunde Chief Marketing Officer Linda Brandt Chief People Officer Kim Ellis Executive Vice President, Restaurant Development Larry Behm Senior Vice President, Operations Support & Innovation William Yu Senior Vice President, Information Systems Monte Baier General Counsel |
| Community | Panda Cares is a community involvement program that was established by Panda Restaurant Group, Inc. in 1999. Panda Cares brings hope to Children in need. Our purpose is to promote the spirit of giving within Panda by directly serving the health and education needs of underserved children. In 2008 alone, more than $1 million in food and funding was donated to organizations nationwide. |
| Media Contact |
Panda Restaurant Group, Inc. Marketing Department 1683 Walnut Grove Avenue Rosemead, CA 91770 Phone: 626.799.9898 ext. 6058 |
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