P.F. Chang’s outlines turnaround plan

P.F. Chang’s outlines turnaround plan

After 2Q earnings drop, chain discusses menu, remodeling

P.F. Chang’s China Bistro Inc. unveiled a series of initiatives and more-affordable menu items designed to drive traffic and combat a 29-percent decline in second-quarter earnings, the company reported Wednesday.

The company also downgraded its outlook for the year, saying earnings would be between $1.60 and $1.70 per share, compared with earlier projections of $2.15 to $2.20. Same-store sales for its two concepts will likely fall 2 percent to 3 percent for the year, the c

Register to view the full article

Register to view this article

Already a member? .

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.