Exhibit 99.1

P.F. CHANG’S SECOND QUARTER REVENUES GROW 28%

SCOTTSDALE, ARIZONA (June 30, 2004) P.F. Chang’s China Bistro, Inc. (NASDAQ: PFCB) reported today that revenues increased 28% to $175.3 million for the second quarter ended June 27, 2004 from $136.6 million in the second quarter of 2003. Sales at the company’s P.F. Chang’s China Bistro units accounted for $152.5 million of consolidated revenues while sales at the company’s Pei Wei Asian Diner units accounted for $22.8 million of consolidated revenues.

Comparable store sales at the Bistro increased 2.3% for the second quarter of 2004 as compared to the second quarter of 2003. The increase was the result of customer traffic growth as well as a price increase of approximately 1% implemented at the beginning of the second quarter of 2004. Comparable store sales increased 3.7% for the five-week period ending May 2nd, 2.0% for the four-week period ending May 30th and 0.9% for the four-week period ending June 27th.

During the second quarter of 2004, the company opened two new Bistro units (Wichita, KS and Burbank, CA) and six new Pei Wei units (Tulsa, OK; Mesa, AZ; Austin, TX; Colorado Springs, CO; Kingwood, TX; and Katy, TX).

The company intends to release its second quarter earnings results on July 21, 2004 at approximately 7:00 am ET. A conference call will be held later that same 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 combines high-quality, traditional Chinese cuisine with attentive service and a high-energy, 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-1998			1998			1999			2000			2001			2002			2003			2004		Total
Units		13			10			13			16			13			14			18			8		105
Sales (000)
1Q04		21,930			15,815			19,467			24,629			19,831			18,613			25,687			4,151		150,123
2Q04		21,590			15,521			19,510			24,498			19,170			17,940			24,999			9,290		152,518
2004		43,520			31,336			38,977			49,127			39,001			36,553			50,686			13,441		302,641
Average Weekly Sales (AWS)
1Q04		129,761			121,654			115,188			118,409			117,347			102,268			109,773			101,238		115,302
2Q04		127,753			119,392			115,446			117,777			113,429			98,574			106,835			97,784		112,477
2004		128,757			120,523			115,317			118,093			115,388			100,421			108,304			98,825		113,860
Year-Over-Year Change in AWS
1Q04		2.5	%		0.4	%		3.6	%		6.0	%		5.4	%		3.5	%		-23.8	%		—		1.2	%
2Q04		1.0	%		-0.2	%		2.5	%		3.1	%		3.2	%		4.2	%		-15.0	%		—		-0.7	%
2004		1.7	%		0.1	%		3.0	%		4.5	%		4.3	%		3.9	%		-17.8	%		—		0.2	%
Year-Over-Year Change Comp Store Sales (2)
Units		13			10			13			16			13			14			2			—		81
1Q04		2.5	%		0.4	%		3.6	%		6.0	%		5.4	%		6.8	%		—			—		4.0	%
2Q04		1.0	%		-0.2	%		2.5	%		3.1	%		3.2	%		4.8	%		-13.7	%		—		2.3	%
2004		1.7	%		0.1	%		3.0	%		4.5	%		4.3	%		5.5	%		-13.7	%		—		3.1	%

(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			2004		Total
Units		1			4			11			17			11		44
Sales (000)
1Q04		888			2,356			6,040			9,130			1,256		19,670
2Q04		877			2,254			5,861			8,924			4,902		22,818
2004		1,765			4,610			11,901			18,054			6,158		42,488
Average Weekly Sales (AWS)
1Q04		68,328			45,318			42,236			41,311			41,862		42,855
2Q04		67,464			43,350			40,983			40,381			44,161		42,255
2004		67,896			44,334			41,610			40,846			43,672		42,531
Year-Over-Year Change in AWS
1Q04		2.3	%		-1.4	%		4.8	%		-21.2	%		—		-4.1	%
2Q04		4.3	%		0.6	%		2.4	%		-23.0	%		—		-6.1	%
2004		3.3	%		-0.4	%		3.6	%		-22.1	%		—		-5.2	%
Year-Over-Year Change Comp Store Sales (2)
Units		1			4			11			3			—		19
1Q04		2.3	%		-1.4	%		4.2	%		—			—		2.3	%
2Q04		4.3	%		0.6	%		2.4	%		-2.8	%		—		1.8	%
2004		3.3	%		-0.4	%		3.2	%		-2.8	%		—		2.1	%

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

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