News
Pei Wei Q3 comps decrease
October 2, 2007
SCOTTSDALE, Ariz. — P.F. Chang's China Bistro Inc. has reported a 1 percent same-store sales decrease for its Pei Wei Asian Diner for the 13 weeks ended Sept. 30, 2007.Comparable-store sales at Pei Wei decreased 0.8, 0.7 and 1.4 percent for July, August and September, respectively.
The company also reported consolidated revenues of $270.8 million for the third quarter, compared to $231 million for the third quarter of 2006.
Sales at the company's Pei Wei Asian Diner restaurants accounted for $61.7 million of consolidated revenues, while sales at company-owned P.F. Chang's China Bistro restaurants accounted for $208.5 million of consolidated revenues, and sales at the company's Taneko Japanese Tavern restaurant accounted for $0.6 million of consolidated revenues.
During the third quarter of 2007, the company opened 11 new Pei Wei restaurants.
P.F. Chang's will release its third-quarter earnings Oct. 24, 2007.
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