P.F. Chang's 3Q net down nearly 40%

Company testing new pricing, menu strategies to help drive sales

P.F. Chang’s China Bistro Inc. is testing new lunch programs at its casual-dining Bistro and rolling out new offerings at its fast-casual Pei Wei Asian Diner to stem traffic declines that led to a 39.7-percent drop in profit for the third quarter.

The company’s net income totaled $6.3 million, or 29 cents per share, for the quarter ended Oct. 2, down from $10.5 million, or 45 cents per share, in the same quarter last year.

Latest-quarter revenue fell 2.5 p

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