SCOTTSDALE Ariz. P.F. Changâ€™s China Bistro Inc. said Wednesday its first-quarter net income slipped 7.8 percent from a year ago as higher costs offset increased revenue at both its 177-unit namesake chain and its 155-unit Pei Wei Asian Diner fast-casual brand. The company also reported that the pending sale of its lone Taneko Japanese Tavern had fallen through, but did not divulge the reason. P.F. Changâ€™s said in January that it had reached an agreement to sell a majority stake in ...
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Contact: Desiree Torres Desiree.Torres@penton.com