This company's stock performance has been nothing short of phenomenal...let's get this board going...has anybody eaten here?
Business Summary
P.F. Chang's China Bistro owns and operates 65 full-service, or Bistro, restaurants as of December 30, 2001 that feature a blend of traditional Chinese cuisine and American hospitality in a sophisticated, contemporary bistro setting. The Company's restaurants offer intensely flavored, highly memorable culinary creations, prepared from fresh ingredients, including premium herbs and spices imported directly from China. The Company's menu is focused on select dishes created to capture the distinct flavors and styles of the five major culinary regions of China: Canton, Hunan, Mongolia, Shanghai and Szechwan. P.F. Chang's also owned and operated five limited-service, or Pei Wei, restaurants as of December 30, 2001. The Company has developed Pei Wei Asian Diner, a new concept that caters to a quicker, more casual dining experience as compared to P.F. Chang's China Bistro.
Financial Summary
P.F. Chang's China Bistro owns and operates 65 full-service restaurants (as of 12/31/01) that feature a blend of traditional Chinese cuisine and American hospitality in a sophisticated, contemporary bistro setting. For the 13 weeks ended 3/31/02, revenues rose 35% to $97.5 million. Net income rose 32% to $5.1 million. Results reflect the opening of new restaurants and a 3.4% increase in comparable restaurant sales, partially offset by higher hourly wage rates. |
