PF Chang's China Bistro Inc. announced the addition of Kerrii B. Anderson to its board of directors, effective October 22, 2009. Ms. Anderson, who brings significant management experience in finance, accounting and executive leadership, will also serve as a member of the Company's audit committee. Ms. Anderson most recently served as chief executive officer and president of Wendy's International Inc., from 2006 to September 2008, when Wendy's merged with Triarc Companies Inc. to form Wendy's/Arby's Group Inc. Ms. Anderson currently serves as a board member of Chiquita Brands International, and is a member of the audit committee and compensation committee. Additionally, she serves on the board of Laboratory Corporation of America Holdings, and is chair of the audit committee and a member of the compensation committee.

PF Chang's China Bistro Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 27, 2009. For the quarter, the company reported income from operations of $8,772,000, income from continuing operations before taxes of $8,857,000, income from continuing operations, net of tax of $6,380,000, or $0.27 per diluted share, net income of $6,363,000, net income attributable to PFCB of $6,208,000, or $0.27 per diluted share on revenues of $290,329,000 compared to income from operations of $10,974,000, income from continuing operations before taxes of $10,079,000, income from continuing operations, net of tax of $8,022,000, or $0.32 per diluted share, net income of $3,329,000, net income attributable to PFCB of $2,962,000, or $0.12 per diluted share on revenues of $295,877,000 for the same period last year. For the nine months, the company reported income from operations of $46,339,000, income from continuing operations before taxes of $45,047,000, income from continuing operations, net of tax of $32,509,000, or $1.35 per diluted share, net income of $31,975,000, net income attributable to PFCB of $31,162,000, or $1.32 per diluted share on revenues of $901,526,000 compared to income from operations of $41,139,000, income from continuing operations before taxes of $38,361,000, income from continuing operations, net of tax of $29,087,000, or $1.14 per diluted share, net income of $23,540,000, net income attributable to PFCB of $21,981,000, or $0.91 per diluted share on revenues of $903,327,000 for the same period last year. The company expects average weekly sales for the fourth quarter of fiscal 2009 to decline approximately 6% at the Bistro and increase approximately 1% at Pei Wei versus the prior year. Consolidated revenues for the fourth quarter are anticipated to range from $318 million to $320 million. The company expects to open five new Bistro restaurants and two new Pei Wei restaurants during the fourth quarter of fiscal 2009. The company currently expects to open five new Bistro restaurants and five new Pei Wei restaurants during fiscal 2010. The company has increased full year earnings expectations and now expects fiscal 2009 EPS from continuing operations to range from $1.70 to $1.75 per share.

PF Chang's China Bistro Inc., Q3 2009 Earnings Call, Oct 21 2009