Exhibit 99.1

P.F. Chang’s China Bistro, Inc.

P.F. CHANG’S EARNS $0.34 PER SHARE

SCOTTSDALE, ARIZONA, February 14, 2007 - P.F. Chang’s China Bistro, Inc. (NASDAQ: PFCB) today reported earnings of $8.8 million for the fourth quarter ended December 31, 2006 compared to $9.3 million for the fourth quarter of the prior year. Earnings per diluted share for the fourth quarter were $0.34 for the fourth quarter of both the current and prior year.

(000 except per share data)	4Q06		4Q05
Revenues	$	251,988	$	213,834
Net Income	$	8,765	$	9,279
Diluted Earnings Per Share	$	0.34	$	0.34
Shares used in diluted EPS calculation		25,893		27,058

Earnings for the fourth quarter reflect two accounting changes that affect year over year comparisons. First, the Company recorded $1.5 million in equity-based compensation expense this quarter under the new SFAS 123R rules implemented at the beginning of the year. Second, the Company incurred approximately $0.4 million in additional preopening expenses that previously would have been capitalized before FASB’s Staff Position No. 13-1 regarding lease accounting went into effect in early 2006.

2007 Expectations

Revenue is expected to increase approximately 19% to $1.1 billion in 2007. The primary assumptions underlying this revenue forecast include 1,097 additional sales weeks for the Bistro and 1,909 additional sales weeks for Pei Wei, including the impact of 19 new Bistro restaurants and 37 new Pei Wei restaurants opening during 2007.

The Company expects diluted earnings per share to increase approximately 17% from $1.24 in 2006 to $1.45 in 2007.

The Company is hosting a conference call today at 12:00 pm ET in which management will provide further details on the fourth quarter results as well as its expectations for fiscal 2007. A webcast of the call can be accessed through the company’s website at http://www.pfcb.com.

Page 1 of 9

P.F. Chang’s China Bistro, Inc. owns and operates three 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 in a relaxed, warm environment offering attentive counter service and take-out flexibility. Taneko Japanese Tavern opened on October 2, 2006 and features natural, organic and seasonal ingredients highlighting the diverse cooking styles of Japan.

Note with respect to non-GAAP financial measures contained within Supplemental Financial Information

In addition to using GAAP results in evaluating the Company’s business, management measures restaurant operating income to assess the performance of its existing restaurant concepts. Restaurant operating income includes all ongoing costs related to operating the Company’s restaurants but excludes preopening expenses and partner investment expense. Because these costs are solely related to expansion of the Company’s business, they make an accurate assessment of the health of its ongoing operations more difficult and are therefore excluded. As the Company’s expansion is funded entirely from its ongoing restaurant operations, restaurant operating income is a primary consideration when determining whether and when to open additional restaurants. The non-GAAP financial information presented herein should be considered in addition to, not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. Please see the non-GAAP to GAAP reconciliation at the bottom of pages five through nine of this press release for a reconciliation of restaurant operating income to the most directly comparable GAAP measure, income from operations.

Note with respect to forward looking statements

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; customer acceptance of new concepts; 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   laura.cherry@pfcb.com
Investor:	Mark Mumford   mark.mumford@pfcb.com

Page 2 of 9

P.F. Chang’s China Bistro, Inc.
Consolidated Statements of Operations
(In thousands, except per share amounts)
(Unaudited)

	13 Weeks Ended			13 Weeks Ended
	Dec 31				Jan 1
	2006				2006
Revenues	$	251,988			$	213,834
Cost of sales		68,903				60,149
Labor		81,587				70,114
Operating		38,976				33,002
Occupancy		13,868				10,570
General & administrative		14,981				10,281
Depreciation & amortization		12,359				11,039
Preopening expenses		4,410				2,703
Partner investment expense		1,759				1,474
Total costs and expenses		236,843				199,332
Income from operations		15,145				14,502
Interest income, net and other income		(89	)			406
Minority interest		(2,113	)			(1,801	)
Income before provision for income taxes		12,943				13,107
Provision for income taxes		(4,178	)			(3,828	)
Net income	$	8,765			$	9,279
Basic net income per share	$	0.35			$	0.35
Diluted net income per share	$	0.34			$	0.34
Shares used in calculation of basic EPS		25,269				26,385
Shares used in calculation of diluted EPS		25,893				27,058

	Percentage of Revenues
	Dec 31			Jan 1
	2006			2006
Revenues		100.0	%		100.0	%
Cost of sales		27.3	%		28.1	%
Labor		32.4	%		32.8	%
Operating		15.5	%		15.4	%
Occupancy		5.5	%		4.9	%
General & administrative		5.9	%		4.8	%
Depreciation & amortization		4.9	%		5.2	%
Preopening expenses		1.8	%		1.3	%
Partner investment expense		0.7	%		0.7	%
Total costs and expenses		94.0	%		93.2	%
Income from operations		6.0	%		6.8	%
Interest income, net and other income		0.0	%		0.2	%
Minority interest		-0.8	%		-0.8	%
Income before provision for income taxes		5.1	%		6.1	%
Provision for income taxes		-1.7	%		-1.8	%
Net income		3.5	%		4.3	%

     Certain percentage amounts do not sum to total due to rounding.

Page 3 of 9

P.F. Chang’s China Bistro, Inc.
Consolidated Statements of Operations
(In thousands, except per share amounts)
(Unaudited)

	52 Weeks Ended			52 Weeks Ended
	Dec 31			Jan 1
	2006			2006
Revenues	$	937,606		$	809,153
Cost of sales		256,582			224,634
Labor		310,113			266,243
Operating		146,409			122,247
Occupancy		52,457			42,793
General & administrative		56,911			41,117
Depreciation & amortization		44,863			36,950
Preopening expenses		12,713			9,245
Partner investment expense		4,371			4,800
Total costs and expenses		884,419			748,029
Income from operations		53,187			61,124
Interest income, net and other income		1,315			1,841
Minority interest		(8,116	)		(8,227	)
Income before provision for income taxes		46,386			54,738
Provision for income taxes		(13,133	)		(16,942	)
Net income	$	33,253		$	37,796
Basic net income per share	$	1.28		$	1.44
Diluted net income per share	$	1.24		$	1.40
Shares used in calculation of basic EPS		26,075			26,271
Shares used in calculation of diluted EPS		26,737			27,000

	Percentage of Revenues
	Dec 31			Jan 1
	2006			2006
Revenues		100.0	%		100.0	%
Cost of sales		27.4	%		27.8	%
Labor		33.1	%		32.9	%
Operating		15.6	%		15.1	%
Occupancy		5.6	%		5.3	%
General & administrative		6.1	%		5.1	%
Depreciation & amortization		4.8	%		4.6	%
Preopening expenses		1.4	%		1.1	%
Partner investment expense		0.5	%		0.6	%
Total costs and expenses		94.3	%		92.4	%
Income from operations		5.7	%		7.6	%
Interest income, net and other income		0.1	%		0.2	%
Minority interest		-0.9	%		-1.0	%
Income before provision for income taxes		4.9	%		6.8	%
Provision for income taxes		-1.4	%		-2.1	%
Net income		3.5	%		4.7	%

     Certain percentage amounts do not sum to total due to rounding.

Page 4 of 9

P.F. Chang’s China Bistro, Inc.
Supplemental Financial Information — Forecast

	53 weeks																								Forecast
	2003			2004			2005			1Q06			2Q06			3Q06			4Q06			2006			1Q07			2Q07			3Q07			4Q07			2007
Units		130			168			208			214			225			239			260			260			271			284			302			316			316
Sales weeks		5,749			7,931			9,497			2,751			2,840			3,003			3,267			11,861			3,446			3,609			3,795			4,056			14,906
AWS		93,915			89,136			85,201			83,102			79,571			76,931			77,131			79,049			77,875			76,015			73,918			73,239			75,156
Revenues		539,917			706,941			809,153			228,613			225,981			231,024			251,988			937,606			268,356			274,337			280,517			297,058			1,120,268
per FDS	$	20.57		$	26.60		$	29.97		$	8.39		$	8.29		$	8.70		$	9.73		$	35.07		$	10.36		$	10.53		$	10.75		$	11.34		$	42.98
Operating costs
Cost of sales		152,788			200,736			224,634			63,440			61,285			62,954			68,903			256,582			74,803			76,222			77,592			82,586			311,203
Labor		175,256			231,930			266,243			76,937			75,380			76,209			81,587			310,113			90,795			92,332			93,429			98,745			375,301
Operating		73,403			99,231			122,247			34,841			36,210			36,382			38,976			146,409			41,206			41,577			43,527			46,330			172,640
Occupancy		28,914			37,693			42,793			12,493			12,725			13,371			13,868			52,457			14,903			15,377			15,985			16,799			63,064
Minority interest		7,887			10,078			8,227			2,022			2,033			1,948			2,113			8,116			1,637			1,624			1,587			1,767			6,615
General and administrative		30,166			36,369			41,117			13,252			14,037			14,641			14,981			56,911			16,113			16,697			17,702			18,537			69,049
Depreciation & amortization		21,817			29,155			36,950			10,355			10,565			11,584			12,359			44,863			12,794			13,263			14,271			15,578			55,906
Restaurant operating income		49,686			61,749			66,942			15,273			13,746			13,935			19,201			62,155			16,105			17,245			16,424			16,716			66,490
Development costs
Preopening expenses		8,745			7,980			9,245			1,694			2,817			3,792			4,410			12,713			2,292			3,343			4,507			3,559			13,701
Partner investment expense		4,196			17,671			4,800			200			925			1,487			1,759			4,371			(950	)		495			550			440			535
Other expenses
Interest income, net and other income		(466	)		(612	)		(1,841	)		(492	)		(568	)		(344	)		89			(1,315	)		(250	)		(250	)		(250	)		(250	)		(1,000	)
Provision for income taxes		12,424			10,656			16,942			4,058			2,483			2,414			4,178			13,133			4,355			3,960			3,368			3,760			15,443
Net income		24,787			26,054			37,796			9,813			8,089			6,586			8,765			33,253			10,658			9,697			8,249			9,207			37,811
per FDS	$	0.94		$	0.98		$	1.40		$	0.36		$	0.30		$	0.25		$	0.34		$	1.24		$	0.41		$	0.37		$	0.32		$	0.35		$	1.45
Fully diluted shares (FDS)		26,250			26,575			27,000			27,239			27,258			26,558			25,893			26,737			25,900			26,050			26,100			26,200			26,063
Revenues		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%
Cost of sales		28.3	%		28.4	%		27.8	%		27.7	%		27.1	%		27.2	%		27.3	%		27.4	%		27.9	%		27.8	%		27.7	%		27.8	%		27.8	%
Labor		32.5	%		32.8	%		32.9	%		33.7	%		33.4	%		33.0	%		32.4	%		33.1	%		33.8	%		33.7	%		33.3	%		33.2	%		33.5	%
Operating		13.6	%		14.0	%		15.1	%		15.2	%		16.0	%		15.7	%		15.5	%		15.6	%		15.4	%		15.2	%		15.5	%		15.6	%		15.4	%
Occupancy		5.4	%		5.3	%		5.3	%		5.5	%		5.6	%		5.8	%		5.5	%		5.6	%		5.6	%		5.6	%		5.7	%		5.7	%		5.6	%
Minority interest		1.5	%		1.4	%		1.0	%		0.9	%		0.9	%		0.8	%		0.8	%		0.9	%		0.6	%		0.6	%		0.6	%		0.6	%		0.6	%
General and administrative		5.6	%		5.1	%		5.1	%		5.8	%		6.2	%		6.3	%		5.9	%		6.1	%		6.0	%		6.1	%		6.3	%		6.2	%		6.2	%
Depreciation & amortization		4.0	%		4.1	%		4.6	%		4.5	%		4.7	%		5.0	%		4.9	%		4.8	%		4.8	%		4.8	%		5.1	%		5.2	%		5.0	%
Restaurant operating income		9.2	%		8.7	%		8.3	%		6.7	%		6.1	%		6.0	%		7.6	%		6.6	%		6.0	%		6.3	%		5.9	%		5.6	%		5.9	%
Preopening expenses		1.6	%		1.1	%		1.1	%		0.7	%		1.2	%		1.6	%		1.8	%		1.4	%		0.9	%		1.2	%		1.6	%		1.2	%		1.2	%
Partner investment expense		0.8	%		2.5	%		0.6	%		0.1	%		0.4	%		0.6	%		0.7	%		0.5	%		-0.4	%		0.2	%		0.2	%		0.1	%		0.0	%
Interest income, net and other income		-0.1	%		-0.1	%		-0.2	%		-0.2	%		-0.3	%		-0.1	%		0.0	%		-0.1	%		-0.1	%		-0.1	%		-0.1	%		-0.1	%		-0.1	%
Provision for income taxes		2.3	%		1.5	%		2.1	%		1.8	%		1.1	%		1.0	%		1.7	%		1.4	%		1.6	%		1.4	%		1.2	%		1.3	%		1.4	%
Net income		4.6	%		3.7	%		4.7	%		4.3	%		3.6	%		2.9	%		3.5	%		3.5	%		4.0	%		3.5	%		2.9	%		3.1	%		3.4	%
Reconciliation of Non-GAAP Financial Information to GAAP measures:
Restaurant operating income		49,686			61,749			66,942			15,273			13,746			13,935			19,201			62,155			16,105			17,245			16,424			16,716			66,490
Add: Minority interest		7,887			10,078			8,227			2,022			2,033			1,948			2,113			8,116			1,637			1,624			1,587			1,767			6,615
Less: Preopening expenses		(8,745	)		(7,980	)		(9,245	)		(1,694	)		(2,817	)		(3,792	)		(4,410	)		(12,713	)		(2,292	)		(3,343	)		(4,507	)		(3,559	)		(13,701	)
Less: Partner investment expense		(4,196	)		(17,671	)		(4,800	)		(200	)		(925	)		(1,487	)		(1,759	)		(4,371	)		950			(495	)		(550	)		(440	)		(535	)
Income from operations		44,632			46,176			61,124			15,401			12,037			10,604			15,145			53,187			16,400			15,031			12,954			14,484			58,869

Page 5 of 9

Shared Services
Supplemental Financial Information — Forecast

	53 weeks																						Forecast
	2003		2004		2005			1Q06			2Q06			3Q06			4Q06			2006			1Q07			2Q07			3Q07			4Q07			2007
Units
Sales weeks
AWS
Comp sales change
Revenues
per FDS
Operating costs
Cost of sales
Labor
Operating
Occupancy
Minority interest
General and administrative						18,698			5,619			6,016			7,330			7,174			26,139			7,431			7,976			8,788			9,516			33,711
Depreciation & amortization						880			280			281			299			277			1,137			295			304			320			485			1,404
Restaurant operating income		—		—		(19,578	)		(5,899	)		(6,297	)		(7,629	)		(7,451	)		(27,276	)		(7,726	)		(8,280	)		(9,108	)		(10,001	)		(35,115	)
Development costs
Preopening expenses
Partner investment expense
Other expenses
Interest income, net and other income						(1,575	)		(489	)		(535	)		(391	)		(170	)		(1,585	)		(250	)		(250	)		(250	)		(250	)		(1,000	)
Provision for income taxes						(5,572	)		(1,677	)		(1,355	)		(1,941	)		(2,188	)		(7,161	)		(2,168	)		(2,329	)		(2,569	)		(2,828	)		(9,894	)
Net income		—		—		(12,431	)		(3,733	)		(4,407	)		(5,297	)		(5,093	)		(18,530	)		(5,308	)		(5,701	)		(6,289	)		(6,923	)		(24,221	)
per FDS					$	(0.46	)	$	(0.14	)	$	(0.16	)	$	(0.20	)	$	(0.20	)	$	(0.69	)	$	(0.20	)	$	(0.22	)	$	(0.24	)	$	(0.26	)	$	(0.93	)
Fully diluted shares (FDS)						27,000			27,239			27,258			26,558			25,893			26,737			25,900			26,050			26,100			26,200			26,063
Reconciliation of Non-GAAP Financial Information to GAAP measures:
Restaurant operating income		—		—		(19,578	)		(5,899	)		(6,297	)		(7,629	)		(7,451	)		(27,276	)		(7,726	)		(8,280	)		(9,108	)		(10,001	)		(35,115	)
Add: Minority interest		—		—		—			—			—			—			—			—			—			—			—			—			—
Less: Preopening expenses		—		—		—			—			—			—			—			—			—			—			—			—			—
Less: Partner investment expense		—		—		—			—			—			—			—			—			—			—			—			—			—
Income from operations		—		—		(19,578	)		(5,899	)		(6,297	)		(7,629	)		(7,451	)		(27,276	)		(7,726	)		(8,280	)		(9,108	)		(10,001	)		(35,115	)

Page 6 of 9

Concept: P.F. Chang’s China Bistro
Supplemental Financial Information — Forecast

	53 weeks																								Forecast
	2003			2004			2005			1Q06			2Q06			3Q06			4Q06			2006			1Q07			2Q07			3Q07			4Q07			2007
Units		97			115			131			133			137			142			152			152			153			157			165			171			171
Sales weeks		4,494			5,613			6,266			1,720			1,751			1,796			1,920			7,187			1,978			2,025			2,080			2,201			8,284
AWS		108,280			108,938			107,757			108,677			104,914			102,930			104,735			105,278			106,733			105,178			103,087			102,212			104,236
Comp sales change		5.1	%		3.0	%		1.2	%		1.3	%		-1.0	%		-0.5	%		-0.9	%		-0.3	%		-1.3	%		0.8	%		0.8	%		-0.9	%		-0.2	%
Revenues		486,609			611,468			675,204			186,924			183,705			184,914			201,091			756,634			211,117			212,985			214,420			224,968			863,490
per FDS	$	18.54		$	23.01		$	25.01		$	6.86		$	6.74		$	6.96		$	7.77		$	28.30		$	8.15		$	8.18		$	8.22		$	8.59		$	33.13
Operating costs
Cost of sales		136,983			173,128			187,073			51,771			49,810			50,131			54,855			206,567			58,691			58,997			59,180			62,541			239,409
Labor		157,414			200,157			221,126			62,652			60,753			59,959			63,733			247,097			71,078			71,023			70,377			73,521			285,999
Operating		65,792			84,781			100,199			27,897			28,653			28,306			30,609			115,465			31,514			31,019			31,413			33,829			127,775
Occupancy		25,533			31,896			34,700			9,859			9,928			10,307			10,589			40,683			11,246			11,490			11,769			12,205			46,710
Minority interest		7,360			9,177			7,118			1,733			1,753			1,717			1,790			6,993			1,267			1,278			1,287			1,372			5,204
General and administrative		26,147			30,051			15,512			5,117			5,319			4,773			5,294			20,503			5,680			5,635			5,767			5,860			22,942
Depreciation & amortization		19,414			24,778			30,093			8,096			8,220			8,831			9,304			34,451			9,557			9,744			10,482			11,279			41,062
Restaurant operating income		47,966			57,500			79,383			19,799			19,269			20,890			24,917			84,875			22,084			23,799			24,145			24,361			94,389
Development costs
Preopening expenses		6,981			5,843			6,028			1,066			1,575			2,355			3,008			8,004			944			1,851			2,845			2,260			7,900
Partner investment expense		3,941			15,075			3,526			426			570			956			1,523			3,475			(1,500	)		—			—			—			(1,500	)
Other expenses
Interest income, net and other income		(461	)		(612	)		(251	)		—			—			51			204			255			—			—			—			—			—
Provision for income taxes		12,522			10,797			21,690			5,432			4,023			4,701			6,321			20,477			6,566			6,365			6,177			6,409			25,517
Net income		24,983			26,397			48,390			12,875			13,101			12,827			13,861			52,664			16,074			15,583			15,123			15,692			62,472
per FDS	$	0.95		$	0.99		$	1.79		$	0.47		$	0.48		$	0.48		$	0.54		$	1.97		$	0.62		$	0.60		$	0.58		$	0.60		$	2.40
Fully diluted shares (FDS)		26,250			26,575			27,000			27,239			27,258			26,558			25,893			26,737			25,900			26,050			26,100			26,200			26,063
Revenues		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%
Cost of sales		28.2	%		28.3	%		27.7	%		27.7	%		27.1	%		27.1	%		27.3	%		27.3	%		27.8	%		27.7	%		27.6	%		27.8	%		27.7	%
Labor		32.3	%		32.7	%		32.7	%		33.5	%		33.1	%		32.4	%		31.7	%		32.7	%		33.7	%		33.3	%		32.8	%		32.7	%		33.1	%
Operating		13.5	%		13.9	%		14.8	%		14.9	%		15.6	%		15.3	%		15.2	%		15.3	%		14.9	%		14.6	%		14.7	%		15.0	%		14.8	%
Occupancy		5.2	%		5.2	%		5.1	%		5.3	%		5.4	%		5.6	%		5.3	%		5.4	%		5.3	%		5.4	%		5.5	%		5.4	%		5.4	%
Minority interest		1.5	%		1.5	%		1.1	%		0.9	%		1.0	%		0.9	%		0.9	%		0.9	%		0.6	%		0.6	%		0.6	%		0.6	%		0.6	%
General and administrative		5.4	%		4.9	%		2.3	%		2.7	%		2.9	%		2.6	%		2.6	%		2.7	%		2.7	%		2.6	%		2.7	%		2.6	%		2.7	%
Depreciation & amortization		4.0	%		4.1	%		4.5	%		4.3	%		4.5	%		4.8	%		4.6	%		4.6	%		4.5	%		4.6	%		4.9	%		5.0	%		4.8	%
Restaurant operating income		9.9	%		9.4	%		11.8	%		10.6	%		10.5	%		11.3	%		12.4	%		11.2	%		10.5	%		11.2	%		11.3	%		10.8	%		10.9	%
Preopening expenses		1.4	%		1.0	%		0.9	%		0.6	%		0.9	%		1.3	%		1.5	%		1.1	%		0.4	%		0.9	%		1.3	%		1.0	%		0.9	%
Partner investment expense		0.8	%		2.5	%		0.5	%		0.2	%		0.3	%		0.5	%		0.8	%		0.5	%		-0.7	%		0.0	%		0.0	%		0.0	%		-0.2	%
Interest income, net and other income		-0.1	%		-0.1	%		0.0	%		0.0	%		0.0	%		0.0	%		0.1	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
Provision for income taxes		2.6	%		1.8	%		3.2	%		2.9	%		2.2	%		2.5	%		3.1	%		2.7	%		3.1	%		3.0	%		2.9	%		2.8	%		3.0	%
Net income		5.1	%		4.3	%		7.2	%		6.9	%		7.1	%		6.9	%		6.9	%		7.0	%		7.6	%		7.3	%		7.1	%		7.0	%		7.2	%
Reconciliation of Non-GAAP Financial Information to GAAP measures:
Restaurant operating income		47,966			57,500			79,383			19,799			19,269			20,890			24,917			84,875			22,084			23,799			24,145			24,361			94,389
Add: Minority interest		7,360			9,177			7,118			1,733			1,753			1,717			1,790			6,993			1,267			1,278			1,287			1,372			5,204
Less: Preopening expenses		(6,981	)		(5,843	)		(6,028	)		(1,066	)		(1,575	)		(2,355	)		(3,008	)		(8,004	)		(944	)		(1,851	)		(2,845	)		(2,260	)		(7,900	)
Less: Partner investment expense		(3,941	)		(15,075	)		(3,526	)		(426	)		(570	)		(956	)		(1,523	)		(3,475	)		1,500			—			—			—			1,500
Income from operations		44,404			45,759			76,947			20,040			18,877			19,296			22,176			80,389			23,907			23,226			22,587			23,473			93,193

Page 7 of 9

Concept: Pei Wei Asian Diner
Supplemental Financial Information — Forecast

	53 weeks																								Forecast
	2003			2004			2005			1Q06			2Q06			3Q06			4Q06			2006			1Q07			2Q07			3Q07			4Q07			2007
Units		33			53			77			81			88			97			107			107			117			126			136			144			144
Sales weeks		1,255			2,318			3,231			1,031			1,089			1,207			1,334			4,661			1,455			1,571			1,702			1,842			6,570
AWS		42,476			41,188			41,457			40,435			38,822			38,201			37,597			38,668			38,811			38,562			38,386			38,686			38,607
Comp sales change		0.3	%		2.0	%		4.0	%		-2.0	%		-3.9	%		-1.5	%		-0.7	%		-2.0	%		-0.7	%		1.7	%		1.9	%		1.5	%		1.1	%
Revenues		53,308			95,473			133,949			41,689			42,276			46,110			50,155			180,230			56,470			60,582			65,333			71,260			253,645
per FDS	$	2.03		$	3.59		$	4.96		$	1.53		$	1.55		$	1.74		$	1.94		$	6.74		$	2.18		$	2.33		$	2.50		$	2.72		$	9.73
Operating costs
Cost of sales		15,805			27,608			37,561			11,669			11,475			12,823			13,725			49,692			15,847			16,967			18,164			19,784			70,762
Labor		17,842			31,773			45,117			14,285			14,627			16,250			17,515			62,677			19,413			21,020			22,781			24,946			88,160
Operating		7,611			14,450			22,048			6,944			7,557			8,076			8,205			30,782			9,534			10,400			11,957			12,331			44,222
Occupancy		3,381			5,797			8,093			2,634			2,797			3,064			3,230			11,725			3,597			3,827			4,156			4,534			16,114
Minority interest		527			901			1,109			289			280			231			323			1,123			370			346			300			395			1,411
General and administrative		4,019			6,318			6,907			2,299			2,485			2,276			2,327			9,387			2,805			2,889			2,948			2,961			11,603
Depreciation & amortization		2,403			4,377			5,977			1,979			2,064			2,454			2,708			9,205			2,839			3,112			3,366			3,711			13,028
Restaurant operating income		1,720			4,249			7,137			1,590			991			936			2,122			5,639			2,065			2,021			1,661			2,598			8,345
Development costs
Preopening expenses		1,764			2,137			3,217			603			1,126			1,204			1,350			4,283			1,348			1,492			1,662			1,299			5,801
Partner investment expense		255			2,596			1,274			(226	)		355			531			236			896			550			495			550			440			2,035
Other expenses
Interest income, net and other income		(5	)					(15	)		(3	)		(33	)		(4	)		55			15			—			—			—			—			—
Provision for income taxes		(98	)		(141	)		824			377			(107	)		(213	)		178			235			49			10			(160	)		249			148
Net income		(196	)		(343	)		1,837			839			(350	)		(582	)		303			210			118			24			(391	)		610			361
per FDS							$	0.07		$	0.03		$	(0.01	)	$	(0.02	)	$	0.01		$	0.01		$	0.00		$	0.00		$	(0.01	)	$	0.02		$	0.01
Fully diluted shares (FDS)		26,250			26,575			27,000			27,239			27,258			26,558			25,893			26,737			25,900			26,050			26,100			26,200			26,063
Revenues		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%
Cost of sales		29.6	%		28.9	%		28.0	%		28.0	%		27.1	%		27.8	%		27.4	%		27.6	%		28.1	%		28.0	%		27.8	%		27.8	%		27.9	%
Labor		33.5	%		33.3	%		33.7	%		34.3	%		34.6	%		35.2	%		34.9	%		34.8	%		34.4	%		34.7	%		34.9	%		35.0	%		34.8	%
Operating		14.3	%		15.1	%		16.5	%		16.7	%		17.9	%		17.5	%		16.4	%		17.1	%		16.9	%		17.2	%		18.3	%		17.3	%		17.4	%
Occupancy		6.3	%		6.1	%		6.0	%		6.3	%		6.6	%		6.6	%		6.4	%		6.5	%		6.4	%		6.3	%		6.4	%		6.4	%		6.4	%
Minority interest		1.0	%		0.9	%		0.8	%		0.7	%		0.7	%		0.5	%		0.6	%		0.6	%		0.7	%		0.6	%		0.5	%		0.6	%		0.6	%
General and administrative		7.5	%		6.6	%		5.2	%		5.5	%		5.9	%		4.9	%		4.6	%		5.2	%		5.0	%		4.8	%		4.5	%		4.2	%		4.6	%
Depreciation & amortization		4.5	%		4.6	%		4.5	%		4.7	%		4.9	%		5.3	%		5.4	%		5.1	%		5.0	%		5.1	%		5.2	%		5.2	%		5.1	%
Restaurant operating income		3.2	%		4.5	%		5.3	%		3.8	%		2.3	%		2.0	%		4.2	%		3.1	%		3.7	%		3.3	%		2.5	%		3.6	%		3.3	%
Preopening expenses		3.3	%		2.2	%		2.4	%		1.4	%		2.7	%		2.6	%		2.7	%		2.4	%		2.4	%		2.5	%		2.5	%		1.8	%		2.3	%
Partner investment expense		0.5	%		2.7	%		1.0	%		-0.5	%		0.8	%		1.2	%		0.5	%		0.5	%		1.0	%		0.8	%		0.8	%		0.6	%		0.8	%
Interest income, net and other income		0.0	%		0.0	%		0.0	%		0.0	%		-0.1	%		0.0	%		0.1	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
Provision for income taxes		-0.2	%		-0.1	%		0.6	%		0.9	%		-0.3	%		-0.5	%		0.4	%		0.1	%		0.1	%		0.0	%		-0.2	%		0.3	%		0.1	%
Net income		-0.4	%		-0.4	%		1.4	%		2.0	%		-0.8	%		-1.3	%		0.6	%		0.1	%		0.2	%		0.0	%		-0.6	%		0.9	%		0.1	%
Reconciliation of Non-GAAP Financial Information to GAAP measures:
Restaurant operating income		1,720			4,249			7,137			1,590			991			936			2,122			5,639			2,065			2,021			1,661			2,598			8,345
Add: Minority interest		527			901			1,109			289			280			231			323			1,123			370			346			300			395			1,411
Less: Preopening expenses		(1,764	)		(2,137	)		(3,217	)		(603	)		(1,126	)		(1,204	)		(1,350	)		(4,283	)		(1,348	)		(1,492	)		(1,662	)		(1,299	)		(5,801	)
Less: Partner investment expense		(255	)		(2,596	)		(1,274	)		226			(355	)		(531	)		(236	)		(896	)		(550	)		(495	)		(550	)		(440	)		(2,035	)
Income from operations		228			417			3,755			1,502			(210	)		(568	)		859			1,583			537			380			(251	)		1,254			1,920

Page 8 of 9

Concept: Taneko Japanese Tavern
Supplemental Financial Information — Forecast

																			Forecast
				1Q06			2Q06			3Q06			4Q06			2006			1Q07			2Q07			3Q07			4Q07			2007
Units														1			1			1			1			1			1			1
Sales weeks														13			13			13			13			13			13			52
AWS														57,077			57,077			59,174			59,236			58,735			63,855			60,250
Comp sales change
Revenues														742			742			769			770			764			830			3,133
per FDS				$	—		$	—		$	—		$	0.03		$	0.03		$	0.03		$	0.03		$	0.03		$	0.03		$	0.12
Operating costs
Cost of sales														323			323			265			258			248			261			1,032
Labor														339			339			304			289			271			278			1,142
Operating														162			162			158			158			157			170			643
Occupancy														49			49			60			60			60			60			240
Minority interest														—			—			—			—			—			—			—
General and administrative					217			217			262			186			882			197			197			199			200			793
Depreciation & amortization														70			70			103			103			103			103			412
Restaurant operating income					(217	)		(217	)		(262	)		(387	)		(1,083	)		(318	)		(295	)		(274	)		(242	)		(1,129	)
Development costs
Preopening expenses					25			116			233			52			426			—			—			—			—			—
Partner investment expense														—			—			—			—			—			—			—
Other expenses
Interest income, net and other income					—			—			—			—			—			—			—			—			—			—
Provision for income taxes					(74	)		(78	)		(133	)		(133	)		(418	)		(92	)		(86	)		(80	)		(70	)		(328	)
Net income					(168	)		(255	)		(362	)		(306	)		(1,091	)		(226	)		(209	)		(194	)		(172	)		(801	)
per FDS				$	(0.01	)	$	(0.01	)	$	(0.01	)	$	(0.01	)	$	(0.04	)	$	(0.01	)	$	(0.01	)	$	(0.01	)	$	(0.01	)	$	(0.03	)
Fully diluted shares (FDS)					27,239			27,258			26,558			25,893			26,737			25,900			26,050			26,100			26,200			26,063
Revenues														100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%
Cost of sales														43.5	%		43.5	%		34.5	%		33.5	%		32.5	%		31.4	%		32.9	%
Labor														45.7	%		45.7	%		39.5	%		37.5	%		35.5	%		33.5	%		36.5	%
Operating														21.8	%		21.8	%		20.5	%		20.5	%		20.5	%		20.5	%		20.5	%
Occupancy														6.6	%		6.6	%		7.8	%		7.8	%		7.9	%		7.2	%		7.7	%
Minority interest														0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
General and administrative														25.1	%		118.9	%		25.6	%		25.6	%		26.0	%		24.1	%		25.3	%
Depreciation & amortization														9.4	%		9.4	%		13.4	%		13.4	%		13.5	%		12.4	%		13.2	%
Restaurant operating income														-52.2	%		-146.0	%		-41.4	%		-38.3	%		-35.9	%		-29.2	%		-36.0	%
Preopening expenses														7.0	%		57.4	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
Partner investment expense														0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
Interest income, net and other income														0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
Provision for income taxes														-17.9	%		-56.3	%		-12.0	%		-11.2	%		-10.5	%		-8.4	%		-10.5	%
Net income														-41.2	%		-147.0	%		-29.4	%		-27.1	%		-25.4	%		-20.7	%		-25.6	%
Reconciliation of Non-GAAP Financial Information to GAAP measures:
Restaurant operating income	—	—	—		(217	)		(217	)		(262	)		(387	)		(1,083	)		(318	)		(295	)		(274	)		(242	)		(1,129	)
Add: Minority interest	—	—	—		—			—			—			—			—			—			—			—			—			—
Less: Preopening expenses	—	—	—		(25	)		(116	)		(233	)		(52	)		(426	)		—			—			—			—			—
Less: Partner investment expense	—	—	—		—			—			—			—			—			—			—			—			—			—
Income from operations	—	—	—		(242	)		(333	)		(495	)		(439	)		(1,509	)		(318	)		(295	)		(274	)		(242	)		(1,129	)

Page 9 of 9