Exhibit 99.1

P.F. CHANG’S THIRD QUARTER REVENUES GROW 30%

SCOTTSDALE, ARIZONA (October 1, 2003) P.F. Chang’s China Bistro, Inc. (NASDAQ: PFCB) reported today that revenues increased 30% to $139.7 million for the third quarter ended September 28, 2003 from $107.1 million in the third quarter of 2002. Sales at the company’s P.F. Chang’s China Bistro units accounted for $125.7 million of consolidated revenues while sales at the company’s Pei Wei Asian Diner units accounted for $14.0 million of consolidated revenues.

Comparable store sales at the Bistro increased 4.8% for the third quarter of 2003 as compared to the third quarter of 2002. The increase was primarily the result of customer traffic growth with approximately 1% resulting from a price increase implemented in February 2003. Comparable store sales increased 5.1% for the five-week period ending August 3rd, 4.7% for the four-week period ending August 31st and 4.6% for the four-week period ending September 28th.

During the third quarter of 2003, the company opened five new Bistro units (Colorado Springs, CO; Northville Township, MI; San Antonio, TX; Richmond, VA and Fairfax, VA) and four new Pei Wei units (Sugarland, TX; Henderson, NV; Santa Clarita, CA and Houston, TX).

The company will release earnings results for its third quarter of 2003 and an update of its full-year forecast on October 22nd, 2003 at 7:00 am ET. The company’s press release will be followed by a conference call later that day at 1:00 pm ET. A webcast of the conference call can be accessed at www.pfchangs.com

P.F. Chang’s China Bistro, Inc. owns and operates two restaurant concepts in the Asian niche. P.F. Chang’s China Bistro features a blend of high-quality, traditional Chinese cuisine and American hospitality in a sophisticated, contemporary bistro setting. Pei Wei Asian Diner offers a modest menu of freshly prepared Asian cuisine served in a relaxed, warm environment offering attentive counter service and take-out flexibility.

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The statements contained in this press release that are not purely historical, including the company’s estimates of its revenues, earnings and comparable store sales, are forward-looking statements. The accuracy of these forward-looking statements may be affected by certain risks and uncertainties, including, but not limited to, the company’s ability to locate acceptable restaurant sites; open new restaurants and operate its restaurants profitably; the company’s ability to hire, train and retain skilled management and other personnel; the company’s ability to access sufficient financing on acceptable terms; changes in consumer tastes and trends; national, regional and local economic and weather conditions; changes in costs related to food, utilities and labor; and other risks described in the company’s recent SEC filings.

Contact:	P.F. Chang’s China Bistro, Inc.		(602) 957-8986
	Media:	Laura Cherry	laurac@pfchangs.com
	Investor:	Kristina Cashman	kristinac@pfchangs.com

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P.F.Chang’s China Bistro

Supplemental Sales Information

Year of Unit Opening (1)

	Pre-1996			1996			1997			1998			1999			2000			2001			2002			2003		Total
Units		4			3			6			10			13			16			13			14			11		90
Sales (000)
1Q03		6,434			5,908			9,060			15,753			18,800			23,236			18,815			17,983			4,751		120,740
2Q03		6,238			5,955			9,180			15,545			19,037			23,754			18,576			17,214			8,420		123,919
3Q03		6,190			5,970			8,914			15,428			18,804			23,842			18,108			16,850			11,639		125,745
2003		18,862			17,833			27,154			46,726			56,641			70,832			55,499			52,047			24,810		370,404
Average Weekly Sales (AWS)
1Q03		123,738			151,474			116,157			121,175			111,239			111,713			111,331			98,808			143,980		113,906
2Q03		119,958			152,695			117,695			119,575			112,647			114,202			109,915			94,582			125,666		113,271
3Q03		119,044			153,083			114,272			118,677			111,269			114,625			107,148			92,579			115,241		111,476
2003		120,913			152,417			116,042			119,809			111,719			113,513			109,465			95,323			123,434		112,859
Year-Over-Year Change in AWS
1Q03		0.2	%		3.7	%		6.0	%		5.1	%		5.0	%		11.0	%		5.4	%		-1.7	%		—		4.4	%
2Q03		-0.4	%		1.9	%		7.3	%		1.4	%		5.3	%		10.4	%		5.1	%		-6.1	%		—		3.1	%
3Q03		0.4	%		1.1	%		6.7	%		-0.6	%		4.4	%		10.4	%		4.9	%		-3.7	%		—		2.7	%
2003		0.1	%		2.2	%		6.7	%		1.9	%		4.9	%		10.6	%		5.1	%		-2.7	%		—		3.4	%
Year-Over-Year Change Comp Store Sales (2)
Units		4			3			6			10			13			16			13			3			—		68
1Q03		0.2	%		3.7	%		6.0	%		5.1	%		5.0	%		11.0	%		6.6	%		—			—		6.4	%
2Q03		-0.4	%		1.9	%		7.3	%		1.4	%		5.3	%		10.4	%		5.2	%		5.4	%		—		5.4	%
3Q03		0.4	%		1.1	%		6.7	%		-0.6	%		4.4	%		10.4	%		4.9	%		7.4	%		—		4.8	%
2003		0.1	%		2.2	%		6.7	%		1.9	%		4.9	%		10.6	%		5.4	%		7.1	%		—		5.5	%

(1)  Includes all restaurants opened in the period indicated.
(2) A unit becomes comparable in the eighteenth month of operation

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Pei Wei Asian Diner

Supplemental Sales Information

Year of Unit Opening (1)

	2000			2001			2002			2003		Total
Units		1			4			11			11		27
Sales (000)
1Q03		868			2,390			5,762			1,835		10,855
2Q03		841			2,241			5,722			3,882		12,686
3Q03		814			2,141			5,603			5,426		13,984
2003		2,523			6,772			17,087			11,143		37,525
Average Weekly Sales (AWS)
1Q03		66,787			45,956			40,295			52,437		44,673
2Q03		64,652			43,092			40,017			53,176		45,144
3Q03		62,593			41,176			39,180			47,599		43,428
2003		64,677			43,408			39,831			50,195		44,356
Year-Over-Year Change in AWS
1Q03		3.0	%		6.4	%		-15.1	%		—		-6.0	%
2Q03		4.2	%		-0.3	%		11.3	%		—		3.4	%
3Q03		6.2	%		-0.4	%		7.8	%		—		8.2	%
2003		4.4	%		1.9	%		6.6	%		—		3.2	%
Year-Over-Year Change Comp Store Sales (2)
Units		1			4			2			—		7
1Q03		3.0	%		-1.2	%		—			—		1.1	%
2Q03		4.2	%		-2.5	%		2.1	%		—		-0.1	%
3Q03		6.2	%		-0.4	%		0.8	%		—		1.2	%
2003		4.4	%		-1.3	%		1.1	%		—		0.7	%

(1)  Includes all restaurants opened in the period indicated.
(2)  A unit becomes comparable in the eighteenth month of operation

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