Same-store sales up at both brands as price hikes offset traffic declines
P.F. Chang’s China Bistro Inc. reported Wednesday a 22-percent increase in fourth-quarter profit and higher same-store sales at both of its concepts. For the quarter ended Jan. 2, P.F. Chang’s net income totaled $14.7 million, or 64 cents per share, compared with $12 million, or 52 cents per share, in the year-ago period. Revenue declined 4.7 percent to $311.2 million, compared with $326.7 million in last year’s quarter, which included one more operating week. Same-store ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com