SCOTTSDALE Ariz. P.F. Chang’s China Bistro Inc. expects 2009 corporate sales to remain flat from 2008 and income from continuing operations to fall by 20 percent as the restaurant operator continues to report declining customer traffic. The company, which operates 348 restaurants under the namesake casual-dining chain and the fast-casual Pei Wei Asian Diner brand, said Wednesday it expected a “significant reduction” in average weekly sales through 2009, with an estimated drop of 6 ...
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Contact: Desiree Torres Desiree.Torres@penton.com