@pandarg.com
Panda Restaurant Group provides quick service Chinese food in high traffic locations, including malls, airports and sporting arenas.
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Description
Panda Restaurant Group is a restaurant company based in the United States. It was founded in 1973 by Andrew and Peggy Cherng and is currently headquartered in Rosemead, California. The company's main product is Panda Express, a fast-casual Chinese restaurant chain that offers a variety of dishes such as orange chicken, Beijing beef, and Kung Pao chicken.
Panda Express is known for its bold flavors and made-to-order options prepared with fresh ingredients. In addition to Panda Express, the company operates other restaurant concepts including Panda Inn, a full-service Chinese restaurant, and Hibachi-San, a Japanese grill concept. On a global scale, Panda Restaurant Group has expanded its presence to over 2,200 locations in the United States, Puerto Rico, Guam, Canada, Mexico, and Dubai.
The company has also ventured into international markets through franchise agreements in countries like South Korea and Saudi Arabia. Notably, Panda Restaurant Group operates a subsidiary called Panda Cares, a philanthropic arm of the company that focuses on supporting children's health initiatives and disaster relief efforts. This demonstrates the company's commitment to corporate social responsibility.
In terms of market position, Panda Restaurant Group has marked its spot as the world's largest Asian dining concept, with annual sales reaching over $3 billion. It stands out among its competitors due to its fresh and flavorful offerings, quick-service model, and extensive menu options. As for major events, in 2016, Panda Restaurant Group partnered with the American Heart Association to introduce the Wok Smart initiative, which promotes healthier dining options by highlighting menu items that meet specific nutritional criteria.
This move reflects the company's dedication to satisfying customer preferences and dietary needs. Currently, Panda Restaurant Group continues to grow its footprint both domestically and internationally. The company remains focused on providing high-quality, authentic Asian cuisine while also addressing changing consumer demands through menu innovation and community engagement
Company Type
Privately Held
Company Size
10,001+
Year Founded
1973
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