EXHIBIT 21

REGISTRANT’S SUBSIDIARIES

PANERA BREAD COMPANY
LIST OF DIRECT SUBSIDIARIES
AS OF DECEMBER 29, 2009

ENTITY NAME	% OWNERSHIP		JURISDICTION OF ORGANIZATION
Panera, LLC		100	Delaware
Pumpernickel, Inc.		100	Delaware
Paradise Bakery & Café, Inc.		100	Delaware

PANERA BREAD COMPANY
LIST OF INDIRECT SUBSIDIARIES
AS OF DECEMBER 29, 2009

				JURISDICTION OF
ENTITY NAME	PARENT	% OWNERSHIP		ORGANIZATION
Pumpernickel Associates, LLC	Panera, LLC Pumpernickel, Inc.		99 1	Delaware
Panera Enterprises, Inc.	Panera, LLC		100	Delaware
Bakery Cafe Cards, LLC	Panera, LLC		100	Virginia
Artisan Bread, LLC	Panera, LLC		100	Delaware
Cap City Bread, LLC	Artisan Bread, LLC		100	Delaware
Panera International Holdings, Inc.	Panera, LLC		100	Delaware
Panera Canada Holdings, Inc.	Panera, LLC		100	Delaware
Panera Holding Canada ULC	Panera International Holdings, Inc.		100	Canada
Panera Canada GP Ltd.	Panera Holding Canada ULC		100	Canada
Panera Canada LP	Panera Holding Canada ULC Panera Canada GP Ltd.		99 1	Canada
Panera Bread ULC	Panera Canada LP		100	Canada