February 23, 2017 6:16 PM ET

Hotels, Restaurants and Leisure

Company Overview of Panda Express, Inc.

Company Overview

Panda Express, Inc. operates a chain of fast casual Chinese restaurants in California. The company’s menu includes entrees, side dishes, appetizers, and desserts. It also provides catering services for meetings, events, or gatherings. In addition, the company operates a tea bar that offers milk, fruit, and lemonade teas; smoothies; specialty coffees; shakes; lemonades; and more. The company was founded in 1983 and is based in Rosemead, California. Panda Express, Inc. operates as a subsidiary of Panda Restaurant Group, Inc.

1683 Walnut Grove Avenue

Rosemead, CA 91770

United States

Founded in 1983

Phone:

626-799-9898

Fax:

626-403-8688

Key Executives for Panda Express, Inc.

Co-Founder and Co-Chairman
Co-Founder, Owner and Co-Chairman
Age: 68
Chief Marketing officer and Senior Vice President
Compensation as of Fiscal Year 2016.

Panda Express, Inc. Key Developments

Panda Express Announces Expansion Plans

Panda Express is planning to make an India entry in partnership with JSM Corp. JSM Corp. has earlier brought international chains like Hard Rock Cafe and California Pizza Kitchen into the domestic market and is learnt to have inked a master franchises agreement with Panda Restaurant Group which runs Panda Express. JSM Corp. is likely to roll out the first few outlets of Panda Express over the next six months starting with the major metros. It is planning to open around 50 outlets for the brand over the course of next five years.

Panda Express Introduces Pacific Chili Shrimp

Panda Express announced nationwide introduction of Pacific Chili Shrimp starting March 2, 2016 for a limited time. The new entree features premium ingredients, including large, succulent shrimp and freshly cut seasonal vegetables. Panda's meticulous wok methods ensure vegetables are cooked yet crisp and the meat is seared yet tender. The wok also provides the perfect blend of caramelization and charring to deliver a symphony of flavors that are complex and richly flavorful.

Panda Express Opens First New York City Street Locations

Panda Express announced the opening of its first street location in Manhattan and first-ever location in the Bronx on Nov. 21. The Manhattan location at 1277 1st Avenue (between 68th and 69th) and the Bronx location at 1 W. Fordham Road (Fordham and Jerome). Regular business hours for both locations will be 10 a.m. to 10 p.m. Monday through Sunday. Both locations will feature Panda Express' full menu of freshly wokked American Chinese food, including the iconic Original Orange Chicken and Honey Walnut Shrimp, along with special menu items created for the New York City market by Panda chefs. This local menu of rotating specials, inspired by the restaurants Cherng worked in during his time in New York, will include traditional dishes such as Mapo Tofu, Salt and Pepper Shrimp, and Seasonal Vegetables with Black Pepper Sauce. The two new locations will showcase Panda's latest restaurant design, which reflects a modern take on Chinese décor inspired by family-style hospitality and comfort. For guests seeking additional convenience, Panda offers online ordering and delivery service. Panda Express will open at least two more locations in 2016 in New York City near Penn Station and Hell's Kitchen.

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Recent Private Companies Transactions

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