PF Chang's China Bistro Inc. (PFCB) Revenue Up 16 Percent
P.F. Chang's China Bistro, Inc. (NASDAQ: PFCB - News) today reported consolidated revenues of $264.4 million for the first quarter ended April 1, 2007 compared to $228.6 million for the first quarter of 2006. Sales at the company owned P.F. Chang's China Bistro restaurants accounted for $207.0 million of consolidated revenues, sales at the company's Pei Wei Asian Diner restaurants accounted for $56.7 million of consolidated revenues and sales at the company's Taneko Japanese Tavern restaurant accounted for $0.7 million of consolidated revenues.
For the 13 weeks ended April 1, 2007, comparable store sales decreased 2.5% at the Bistro (taking into account a 2% to 3% effective price increase) and increased 0.5% at Pei Wei (taking into account a 2% to 3% effective price increase) as compared to the 13 weeks ended April 2, 2006. Comparable store sales at the Bistro decreased 2.9%, 1.6% and 3.0% for January, February and March, respectively, and decreased 1.4% in January and increased 2.7% and 0.5% for February and March, respectively, at Pei Wei.
For the 13 weeks ended April 1, 2007, comparable store sales decreased 2.5% at the Bistro (taking into account a 2% to 3% effective price increase) and increased 0.5% at Pei Wei (taking into account a 2% to 3% effective price increase) as compared to the 13 weeks ended April 2, 2006. Comparable store sales at the Bistro decreased 2.9%, 1.6% and 3.0% for January, February and March, respectively, and decreased 1.4% in January and increased 2.7% and 0.5% for February and March, respectively, at Pei Wei.
Labels: PF Chang's China Bistro Inc., PFCB
posted by Stock Administrator @ 7:34 AM
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