Wed Jul 22 08:51:00 -0400 2009

Reuters (New York)

- P.F. Chang’s China Bistro Inc (PFCB.O) posted better-than-expected quarterly profit on Wednesday and raised its 2009 forecast as cost cuts dulled the pain of consumers dining out less at its restaurants.

“The company is doing a lot of things right. The challenge for Domino’s is that they derive a fair amount of their sales from dinner,” which is more discretionary than breakfast or lunch,” said Tom Forte, analyst with Telsey Advisory Group. “The whole pizza category is seeing incremental pressure that McDonald’s (MCD.N) or Burger King (BKC.N) or others aren’t.”

To view the full article, download the PDF here: Reuters, July 22, 2009