PF Chang's (PFCB) Shares Near Session Highs as CEO Discussing Outlook at BofA Merrill Conference

Shares of PF Chang's (Nasdaq: PFCB) are just barely off session highs as the company's presentation at the BofA Merrill Lynch Consumer & Retail conference is currently underway. CEO Mark Mumford is speaking.

Some highlights so far:

• Pei Wei is the vehicle growth for the company
  
• expecting to open 12-16 new Pei Wei stores this year
  
• sees 2012 sales growth of 1-2 percent
  
• affirms FY12 EPS outlook of $1.50-$1.60
  
• expecting the second half of this year to be stronger
  
• sees cash flow from operations of $105-$115 million this year

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