P.F. Chang's China Bistro (PFCB) Reports Q4 Sales
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P.F. Chang's China Bistro, Inc. (NASDAQ: PFCB) reported consolidated Q4 revenues of $292.6 million, versus $252.0 million last year and the consensus os $286.55 million.
In Q4, comparable store sales decreased 1.0% at the Bistro and decreased 0.5% at Pei Wei.
Comparable store sales at the Bistro decreased 2.0% and 0.8% for October and November, respectively, and did not change for December. Comparable store sales at Pei Wei decreased 0.8% for October, increased 0.4% for November and decreased 0.9% for December at Pei Wei.
P.F. Chang's said it continues to experience rising restaurant operating costs which are anticipated to have a greater impact during the fourth quarter than previously forecast.
In Q4, comparable store sales decreased 1.0% at the Bistro and decreased 0.5% at Pei Wei.
Comparable store sales at the Bistro decreased 2.0% and 0.8% for October and November, respectively, and did not change for December. Comparable store sales at Pei Wei decreased 0.8% for October, increased 0.4% for November and decreased 0.9% for December at Pei Wei.
P.F. Chang's said it continues to experience rising restaurant operating costs which are anticipated to have a greater impact during the fourth quarter than previously forecast.
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