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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) April 4, 2007

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.)
7676 E. Pinnacle Peak Road, Scottsdale, Arizona		85255
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code (480) 888-3000

(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))

TABLE OF CONTENTS

Exhibit 99.1

Section 2 — Financial Information

Item 2.02 Results of Operations and Financial Condition.

On April 4, 2007, P.F. Chang’s China Bistro, Inc. (the “Company”) issued a press release describing selected financial results of the Company for the quarter ended April 1, 2007. 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.

(d) Exhibits.

Exhibit No.	Description
99.1	April 4, 2007 Press Release by P.F. Chang’s China Bistro, Inc.

2

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: April 6, 2007	/s/ Mark Mumford
	Mark Mumford
	Chief Financial Officer

EX-99.1

Exhibit 99.1

P.F. Chang’s China Bistro, Inc.

P.F. CHANG’S FIRST QUARTER REVENUES GROW 16%

SCOTTSDALE, ARIZONA (April 4, 2007) P.F. Chang’s China Bistro, Inc. (NASDAQ: PFCB) today reported consolidated revenues of $264.4 million for the first quarter ended April 1, 2007 compared to $228.6 million for the first quarter of 2006. Sales at the company owned P.F. Chang’s China Bistro restaurants accounted for $207.0 million of consolidated revenues, sales at the company’s Pei Wei Asian Diner restaurants accounted for $56.7 million of consolidated revenues and sales at the company’s Taneko Japanese Tavern restaurant accounted for $0.7 million of consolidated revenues.

For the 13 weeks ended April 1, 2007, comparable store sales decreased 2.5% at the Bistro (taking into account a 2% to 3% effective price increase) and increased 0.5% at Pei Wei (taking into account a 2% to 3% effective price increase) as compared to the 13 weeks ended April 2, 2006. Comparable store sales at the Bistro decreased 2.9%, 1.6% and 3.0% for January, February and March, respectively, and decreased 1.4% in January and increased 2.7% and 0.5% for February and March, respectively, at Pei Wei.

During the first quarter of 2007, the company opened one new Bistro restaurant and 10 new Pei Wei restaurants.

The company intends to release its first quarter earnings results on April 25, 2007 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.pfcb.com.

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 features natural, organic and seasonal ingredients highlighting the diverse cooking styles of Japan.

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 4

P.F. Chang’s China Bistro

Supplemental Sales Information (Company Owned)

Year of Unit Opening (1)

	Pre-2000			2000			2001			2002			2003			2004			2005			2006			2007		Total
Units		35			16			13			14			18			18			18			20			1		153
Sales (000)
1Q07		54,138			23,539			18,803			18,201			24,965			20,158			21,081			25,819			283		206,987
Average Weekly Sales (AWS)
1Q07		118,984			113,168			111,264			100,004			106,687			86,144			90,092			99,305			94,358		104,592
Year-Over-Year Change in AWS (2)
1Q07		-2.5	%		-3.2	%		-3.4	%		-2.2	%		-1.4	%		-2.2	%		-7.9	%		-37.5	%		—		-3.3	%
Year-Over-Year Change Comp Store Sales (3)
Units		35			16			13			14			18			18			13			—			—		127
1Q07		-2.5	%		-3.2	%		-3.4	%		-2.2	%		-1.4	%		-2.2	%		-3.4	%		—			—		-2.5	%

(1)	Includes all restaurants opened in the period indicated.
(2)	A unit is 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			2006			2007		Total
Units		1			4			11			17			20			24			30			10		117
Sales (000)
1Q07		782			2,278			6,196			9,378			10,689			11,502			13,784			2,047		56,656
Average Weekly Sales (AWS)
1Q07		60,181			43,804			43,330			42,436			41,111			36,866			35,343			35,908		39,127
Year-Over-Year Change in AWS (2)
1Q07		-3.4	%		-2.3	%		-1.9	%		1.5	%		0.2	%		3.8	%		-10.9	%		—		0.6	%
Year-Over-Year Change Comp Store Sales (3)
Units		1			4			11			17			20			19			—			—		72
1Q07		-3.4	%		-2.3	%		-1.9	%		1.5	%		0.2	%		2.9	%		—			—		0.5	%

(1)  Includes all restaurants opened in the period indicated.

(2)  A unit is 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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