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Panda Express company history timeline

1983

In 1983, through their connections with then-UCLA football coach Terry Donahue, the manager of Glendale Galleria invited them to make a fast food version of Panda Inn for the mall.

1983-91: Company Steadily Expands with Its Panda Express Chain

1987

1987 Chef Andy Kao develops our signature dish: Orange Chicken.

1988

Starting in 1988, they were also placed in grocery stores when the Cherngs placed a Panda Express in a Vons supermarket.

1988:PMC puts first outlet in Vons supermarket.

1993

Sixty of these were financed by money generated internally from sales that in 1993 had reached $100 million and $112 million by May of the next year.

By 1993 it had even fallen far behind Panda Express in the number of its new openings, though it was still the dominate express Chinese food chain in the eastern part of the United States.

1994

In 1994, in part to help make its expansion and diversification plans go smoothly, Panda revamped its upper management team.

1994:Company hires Joseph Micatrotto as president and chief operating officer.

One thing contributing to the rapid increase in the number of Panda Express units was the chain's versatility. Its five different footprints, ranging from 400 to 2,000 square feet, allowed it to find unit sites in a wide variety of places and to adjust size to sales that in 1994 ranged from $350,000 to more than $1.5 million per unit.

1995

1995 Our first two airport outlets open at Denver International to feed the appetites of hungry travelers.

In 1995, its 173 Panda Express units were averaging only a 30 percent volume in take-out sales, considered rather low for limited service Chinese food restaurants.

1996

Although Micatrotto resigned the presidency of Panda Management in 1996, relinquishing it to Peggy Cherng, one of the things that he had recommended was an increase in the number of street-level, freestanding stores offering dine-in, drive-through, and carry-out services.

1998

In 1998, celebrating its 25th anniversary, Panda Management redesigned and reopened its flagship Pasadena Panda Inn, the first of its restaurants.

1999

1999:Company opens 300th Panda Express.

2000

The Hibachi-San Restaurants, featuring Japanese cuisine, are located in shopping mall food courts, about half of which are at select sites outside California. Its aggressive plans called for the opening of from 70 to 80 new units in 2000 alone, including an increasing number of street-level, stand-alone, drive-in units, making them more competitive in a market dominated by hamburger, fried chicken, and Mexican food chains.

2005

2005 Our founders Andrew and Peggy Cherng are inducted into the California Restaurant Association Hall of Fame.

2007

2007 Guest love and enthusiasm propels us to open our 1,000th location in Pasadena, California and achieve $1 billion in revenue for the first time.

2010

2010 Honey Walnut Shrimp makes its debut.

2015

2015 Our first Family Day helps to provide 10 million meals to Americans in need and celebrates our family-owned heritage.

2019

Founders Andrew and Peggy Cherng were inducted into the Carnegie Corporation of New York's 2019 Class of Great Immigrants, celebrating outstanding individuals who enrich our communities and culture, strengthen our economy, and invigorate our democracy.

2022

Business Delivery startup Gopuff cuts 10% of staff, closes warehouses to preserve cash July 12, 2022

Business Gap CEO fired after failing to rescue struggling retailer July 12, 2022

Business Stocks slide as companies begin reporting earnings July 12, 2022

Technology and the Internet Twitter sues to force Musk to complete $44-billion acquisition July 12, 2022

Real Estate Sharon and Ozzy Osbourne ask $18 million for Hancock Park estate July 12, 2022

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Founded
1983
Company founded
Headquarters
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Founders
Andrew Cherng,Peggy Cherng,Ming Cherng
Company founders
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Panda Express competitors

Company nameFounded dateRevenueEmployee sizeJob openings
Burger King1954$2.3B34,2481,535
Taco Bell1962$2.0B175,00031,672
Chipotle Mexican Grill1993$11.3B64,5703,607
Wendy's1969$2.2B12,5002,720
Subway1965$16.1B5,000716
P.F. Chang's China Bistro1993$1.2B20,0001,451
Zippy's1966$91.0M2,000195
Luby's1947$323.5M6,13387
Panda Restaurant Group1973$3.5B30,0003
Boston Market1985$373.0M14,000-

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Panda Express may also be known as or be related to Panda Express, Panda Express Inc, Panda Express Inc. and Panda Express, Inc.