P.F. Chang's third quarter revenues grow 17%

During the third quarter of 2005, the company opened 5 new Bistro units and 7 new Pei Wei units. One Bistro restaurant in Metairie, Louisiana, was closed due to Hurricane Katrina. The Company has not set a definitive timeline for the reopening of the restaurant.

During the third quarter of 2005, the company lost 144 partial or whole days due to hurricane activity resulting in a revenue loss of approximately $1.3 million. At the Bistro, 104 lost days translated to roughly $1.1 million of revenues while Pei Wei lost 40 days and $0.2 million of revenues. The lost revenues negatively impacted comparable store sales at the Bistro by 0.4% and at Pei Wei by 0.5% for the third quarter.

The company intends to release its third quarter earnings results on October 26, 2005, at approximately 7:00 a.m. ET. A conference call will be held later that same day at 1:00 p.m. ET. A webcast of the conference call can be accessed at www.pfchangs.com.

P.F. Chang's China Bistro, Inc. owns and operates two restaurant concepts in the Asian niche. P.F. Chang's China Bistro combines high-quality, traditional Chinese cuisine with attentive service in a sophisticated contemporary bistro setting. Pei Wei Asian Diner offers a modest menu of freshly prepared Asian cuisine served in a relaxed, warm environment offering attentive counter service and take-out flexibility.

The statements contained in this press release that are not purely historical, including the company's estimates of its revenues, earnings and comparable store sales, are forward-looking statements. The accuracy of these forward-looking statements may be affected by certain risks and uncertainties, including, but not limited to, the company's ability to locate acceptable restaurant sites; open new restaurants and operate its restaurants profitably; the company's ability to hire, train and retain skilled management and other personnel; the company's ability to access sufficient financing on acceptable terms; changes in consumer tastes and trends; national, regional and local economic and weather conditions; changes in costs related to food, utilities and labor; and other risks described in the company's recent SEC filings.

P.F. Chang's China Bistro Supplemental Sales Information Year of Unit Opening (1) Pre-1998 1998 1999 2000 2001 2002 Units 11 10 13 16 13 14 Sales (000) 1Q05 20,173 15,178 19,347 24,256 19,247 18,298 2Q05 20,041 14,949 19,315 24,273 18,690 17,588 3Q05 18,952 14,977 18,951 23,718 18,095 17,028 2005 59,167 45,105 57,613 72,247 56,032 52,914 Average Weekly Sales (AWS) 1Q05 129,314 116,753 114,477 116,617 113,885 100,538 2Q05 128,471 114,995 114,288 116,695 110,594 96,640 3Q05 125,512 115,211 112,138 114,028 107,068 93,560 2005 127,790 115,653 113,634 115,780 110,516 96,913 Year-Over-Year Change in AWS (2) 1Q05 4.3% 1.2% 4.6% 3.3% 2.1% 3.4% 2Q05 4.4% 0.0% 3.0% 2.9% 1.0% 1.9% 3Q05 2.9% -1.2% -0.4% -1.1% -0.7% -1.5% 2005 3.9% 0.0% 2.4% 1.7% 0.8% 1.3% Year-Over-Year Change Comp Store Sales (3) Units 11 10 13 16 13 14 1Q05 3.3% 1.2% 4.6% 3.3% 2.1% 3.4% 2Q05 2.4% 0.0% 3.0% 2.9% 1.0% 1.9% 3Q05 -0.2% -1.2% -0.4% -1.1% -0.7% -1.5% 2005 1.9% 0.0% 2.4% 1.7% 0.8% 1.3% Year of Unit Opening (1) 2003 2004 2005 Total Units 18 18 12 125 Sales (000) 1Q05 24,577 21,148 1,356 163,580 2Q05 24,510 21,121 5,930 166,418 3Q05 24,160 20,640 12,092 168,612 2005 73,246 62,909 19,378 498,609 Average Weekly Sales (AWS) 1Q05 105,028 90,375 135,612 109,637 2Q05 104,742 90,262 121,025 108,699 3Q05 103,247 88,203 103,347 105,779 2005 104,339 89,614 110,102 107,994 Year-Over-Year Change in AWS (2) 1Q05 1.0% -4.7% - 2.5% 2Q05 1.8% -6.1% - 1.6% 3Q05 -0.3% -7.9% - -1.1% 2005 0.8% -6.7% - 1.0% Year-Over-Year Change Comp Store Sales (3) Units 18 7 - 102 1Q05 1.6% - - 2.9% 2Q05 1.7% -6.4% - 1.9% 3Q05 -0.3% -2.0% - -0.8% 2005 0.9% -2.5% - 1.3% (1) Includes all restaurants opened in the period indicated. (2) A unit becomes included in the year-over-year change in AWS in the thirteenth month of operation. (3) A unit becomes comparable in the eighteenth month of operation. 

Pei Wei Asian Diner Supplemental Sales Information Year of Unit Opening (1) 2000 2001 2002 2003 2004 2005 Total -------------------------------------------------------------- Units 1 4 11 17 20 15 68 Sales (000) 1Q05 934 2,424 6,292 9,401 11,167 416 30,634 2Q05 898 2,289 6,095 9,239 10,851 2,265 31,638 3Q05 738 2,203 5,957 9,109 10,314 6,117 34,437 2005 2,570 6,916 18,344 27,750 32,332 8,798 96,710 Average Weekly Sales (AWS) 1Q05 71,822 46,621 44,001 42,537 42,949 46,224 43,888 2Q05 69,064 44,012 42,624 41,807 41,736 42,744 42,639 3Q05 56,784 42,366 41,653 41,218 39,670 39,461 40,802 2005 65,890 44,334 42,760 41,855 41,451 40,545 42,342 Year-Over-Year Change in AWS (2) 1Q05 7.2% 5.6% 6.2% 5.9% 0.7% - 5.6% 2Q05 4.9% 5.3% 7.4% 6.0% 1.7% - 5.3% 3Q05 -12.0% 4.4% 5.8% 2.3% -2.2% - 1.5% 2005 0.2% 5.1% 6.4% 4.7% -0.5% - 4.0% Year-Over-Year Change Comp Store Sales (3) Units 1 4 11 17 8 - 41 1Q05 7.2% 5.6% 6.2% 5.8% - - 6.0% 2Q05 4.9% 5.3% 7.4% 6.0% 10.9% - 6.3% 3Q05 -12.0% 4.4% 5.8% 2.3% 1.5% - 2.8% 2005 0.2% 5.1% 6.4% 4.6% 1.8% - 4.9% (1) Includes all restaurants opened in the period indicated. (2) A unit becomes included in the year-over-year change in AWS in the thirteenth month of operation. (3) A unit becomes comparable in the eighteenth month of operation. 

SOURCE: P.F. Chang's China Bistro, Inc.

P.F. Chang's China Bistro, Inc. Laura Cherry, 480-888-3000 (Media contact) laurac@pfchangs.com or Bert Vivian, 480-888-3000 (Investor contact) bertv@pfchangs.com