Sunday, March 4, 2012

China Bistro stock slips on weak Pei Wei chain sales.(Business)

DES MOINES, Iowa - P.F. Chang's China Bistro Inc. stock fell Wednesday after disappointing first-quarter sales at the company's fledgling Pei Wei Asian Diner chain.

Shares of the Scottsdale, Ariz.-based restaurant chain fell $3.61, or 7.3 percent, to close at $45.67 Wednesday on the Nasdaq Stock Market.

Chang's released first-quarter revenue figures before the market opened Wednesday. It won't report period earnings for three weeks. …

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