Pei Wei boosts P.F. Chang's profit

April 24, 2007

Associated Press: P.F. Chang's China Bistro Inc. on Wednesday reported a slightly-larger profit for the first quarter, as strength in its Pei Wei restaurant concept offset broad weakness at China Bistro stores.

Revenue at Pei Wei stores rose 36 percent to $56.7 million, as same-store sales rose 0.5 percent. Meanwhile, the company expected a 0.7-percent decline.