RISE - Menu Monitor

Expansion Plans |
Panda Express plans to open more than 160 units nationwide in 2007. The company is targeting 45 locations in the Northwest
U.S., 35 units in the West, 50 stores in the South/Central region, and 75 restaurants in the East. The company has more than
825 locations in 34 states. (Foodservice Equipment Reports 11/06 p13)
Panda Express is planning to expand in New Mexico. The chain plans to add three locations in New Mexico this year in
addition to its 10 existing units there. The three units will be developed in Albuquerque and Las Lunas. The first of these
locations will open in October. (Bizjournals.com 4/30/07)
Panda Express plans to add 175 stores per year. The company has secured 20 sites for new restaurants in the Chicago and
northern Illinois area. The lease and purchase transaction total about $18 million. Restaurants will open in downtown Chicago,
DeKalb, Lake Zurich, South Elgin, Hoffman Estates, Carpentersville, Orland Park, Palatine, Bolingbrook, Homewood, Oak
Lawn, Plainfield, Darien, Country Club Hills, Batavia and Northlake. The company is also working toward having locations in
every state. (Costar.com 7/23/07)
Personnel |
Tom Devin, CEO
John Theuer, CFO
Ris Wiguna, V.P. of Purchasing
Larry Behm, V.P. of Operations
Glen Lunde, V.P. of Marketing
News & Other |
Golden Kist Inc. has been named the key supplier to Panda Express for its Orange Chicken dish. Golden Kist will also provide
the chain with Mandarin Chicken as well as other chicken products throughout 2007. There are 850 Panda Express units in
operation. (Nation’s Restaurant News 12/18/06 p88)
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