8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) October 5, 2005

P.F. Chang’s China Bistro, Inc.

(Exact name of registrant as specified in its charter)

Delaware	0-25123	86-0815086
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

15210 N. Scottsdale Road, Suite 300 Scottsdale, Arizona	85254
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code (602) 957-8986

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 2 — Financial Information

Item 2.02 Results of Operations and Financial Condition.

On October 5, 2005, P.F. Chang’s China Bistro, Inc. (the “Company”) issued a press release describing selected financial results of the Company for the quarter ended October 2, 2005. The press release is attached hereto as Exhibit 99.1 and, in addition to this Report on Form 8-K and pursuant to General Instruction B.2 of Form 8-K, is being furnished, not filed, for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

Section 9 — Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits.

Exhibit No.	Description
99.1	October 5, 2005 Press Release by P.F. Chang’s China Bistro, Inc.

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SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	P.F. Chang’s China Bistro, Inc.
Date: October 10, 2005	/s/ Kristina K. Cashman
	Kristina K. Cashman
	Chief Financial Officer

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EX-99.1

Exhibit 99.1

P.F. CHANG’S THIRD QUARTER REVENUES GROW 17%

SCOTTSDALE, ARIZONA (October 5, 2005) P.F. Chang’s China Bistro, Inc. (NASDAQ: PFCB) reported today that revenues increased 17% to $203.0 million for the third quarter ended October 2, 2005 from $174.0 million in the third quarter of 2004. Sales at the company’s P.F. Chang’s China Bistro units accounted for $168.6 million of consolidated revenues while sales at the company’s Pei Wei Asian Diner units accounted for $34.4 million of consolidated revenues.

For the thirteen weeks ended October 2, 2005, comparable store sales declined 0.8% at the Bistro and increased 2.8% at Pei Wei as compared to the thirteen weeks ended October 3, 2004. The decline at the Bistro was the result of a decrease in customer traffic partially offset by a 1% price increase. The increase at Pei Wei was the result of customer traffic growth as well as a price increase of 1.5%. Comparable store sales declined 2.0% for July, increased 0.3% for August and declined 0.4% for September at the Bistro and increased 3.9%, 4.0% and 0.4% respectively for July, August and September at Pei Wei.

During the third quarter of 2005, the company opened 5 new Bistro units and 7 new Pei Wei units. One Bistro restaurant in Metairie, Louisiana was closed due to Hurricane Katrina. The Company has not set a definitive timeline for the reopening of the restaurant.

During the third quarter of 2005, the company lost 144 partial or whole days due to hurricane activity resulting in a revenue loss of approximately $1.3 million. At the Bistro, 104 lost days translated to roughly $1.1 million of revenues while Pei Wei lost 40 days and $0.2 million of revenues. The lost revenues negatively impacted comparable store sales at the Bistro by 0.4% and at Pei Wei by 0.5% for the third quarter.

The company intends to release its third quarter earnings results on October 26, 2005 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 in a sophisticated contemporary bistro setting. Pei Wei Asian Diner offers a modest

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menu of freshly prepared Asian cuisine served in a relaxed, warm environment offering attentive counter service and take-out flexibility.

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.		(480) 888-3000
	Media:	Laura Cherry	laurac@pfchangs.com
	Investor:	Bert Vivian	bertv@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			2005		Total
Units		11			10			13			16			13			14			18			18			12		125
Sales (000)
1Q05		20,173			15,178			19,347			24,256			19,247			18,298			24,577			21,148			1,356		163,580
2Q05		20,041			14,949			19,315			24,273			18,690			17,588			24,510			21,121			5,930		166,418
3Q05		18,952			14,977			18,951			23,718			18,095			17,028			24,160			20,640			12,092		168,612
2005		59,167			45,105			57,613			72,247			56,032			52,914			73,246			62,909			19,378		498,609
Average Weekly Sales (AWS)
1Q05		129,314			116,753			114,477			116,617			113,885			100,538			105,028			90,375			135,612		109,637
2Q05		128,471			114,995			114,288			116,695			110,594			96,640			104,742			90,262			121,025		108,699
3Q05		125,512			115,211			112,138			114,028			107,068			93,560			103,247			88,203			103,347		105,779
2005		127,790			115,653			113,634			115,780			110,516			96,913			104,339			89,614			110,102		107,994
Year-Over-Year Change in AWS (2)
1Q05		4.3	%		1.2	%		4.6	%		3.3	%		2.1	%		3.4	%		1.0	%		-4.7	%		—		2.5	%
2Q05		4.4	%		0.0	%		3.0	%		2.9	%		1.0	%		1.9	%		1.8	%		-6.1	%		—		1.6	%
3Q05		2.9	%		-1.2	%		-0.4	%		-1.1	%		-0.7	%		-1.5	%		-0.3	%		-7.9	%		—		-1.1	%
2005		3.9	%		0.0	%		2.4	%		1.7	%		0.8	%		1.3	%		0.8	%		-6.7	%		—		1.0	%
Year-Over-Year Change Comp Store Sales (3)
Units		11			10			13			16			13			14			18			7			—		102
1Q05		3.3	%		1.2	%		4.6	%		3.3	%		2.1	%		3.4	%		1.6	%		—			—		2.9	%
2Q05		2.4	%		0.0	%		3.0	%		2.9	%		1.0	%		1.9	%		1.7	%		-6.4	%		—		1.9	%
3Q05		-0.2	%		-1.2	%		-0.4	%		-1.1	%		-0.7	%		-1.5	%		-0.3	%		-2.0	%		—		-0.8	%
2005		1.9	%		0.0	%		2.4	%		1.7	%		0.8	%		1.3	%		0.9	%		-2.5	%		—		1.3	%

(1)	Includes all restaurants opened in the period indicated.
(2)	A unit becomes included in the year-over-year change in AWS in the thirteenth month of operation.
(3)	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		2005		Total
Units		1		4		11		17		20		15		68

Sales (000)

1Q05	934	2,424	6,292	9,401	11,167	416	30,634
2Q05	898	2,289	6,095	9,239	10,851	2,265	31,638
3Q05	738	2,203	5,957	9,109	10,314	6,117	34,437
2005	2,570	6,916	18,344	27,750	32,332	8,798	96,710

Average Weekly Sales (AWS)

1Q05	71,822	46,621	44,001	42,537	42,949	46,224	43,888
2Q05	69,064	44,012	42,624	41,807	41,736	42,744	42,639
3Q05	56,784	42,366	41,653	41,218	39,670	39,461	40,802
2005	65,890	44,334	42,760	41,855	41,451	40,545	42,342

Year-Over-Year Change in AWS (2)

1Q05	7.2	%	5.6	%	6.2	%	5.9	%	0.7	%	—	5.6	%
2Q05	4.9	%	5.3	%	7.4	%	6.0	%	1.7	%	—	5.3	%
3Q05	-12.0	%	4.4	%	5.8	%	2.3	%	-2.2	%	—	1.5	%
2005	0.2	%	5.1	%	6.4	%	4.7	%	-0.5	%	—	4.0	%

Year-Over-Year Change Comp Store Sales (3)

Units	1		4		11		17		8		—	41
1Q05	7.2	%	5.6	%	6.2	%	5.8	%	—		—	6.0	%
2Q05	4.9	%	5.3	%	7.4	%	6.0	%	10.9	%	—	6.3	%
3Q05	-12.0	%	4.4	%	5.8	%	2.3	%	1.5	%	—	2.8	%
2005	0.2	%	5.1	%	6.4	%	4.6	%	1.8	%	—	4.9	%

(1)	Includes all restaurants opened in the period indicated.
(2)	A unit becomes included in the year-over-year change in AWS in the thirteenth month of operation.
(3)	A unit becomes comparable in the eighteenth month of operation.

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