Exhibit 99.1

P.F. CHANG’S FOURTH QUARTER REVENUES TOTAL $214 MILLION

SCOTTSDALE, ARIZONA (January 5, 2006) P.F. Chang’s China Bistro, Inc. (NASDAQ: PFCB) reported today consolidated revenues of $213.8 million for the fourth quarter ended January 1, 2006 (13 weeks) compared to $199.3 million for the fourth quarter of 2004 (14 weeks). Sales at the company’s P.F. Chang’s China Bistro units accounted for $176.6 million of consolidated revenues while sales at the company’s Pei Wei Asian Diner units accounted for $37.2 million of consolidated revenues.

For the thirteen weeks ended January 1, 2006, comparable store sales increased 1.0% at the Bistro and increased 1.9% at Pei Wei as compared to the thirteen weeks ended January 2, 2005. The increase at the Bistro was the result of an increase in customer traffic and a price increase of approximately 0.7%. The increase at Pei Wei was the result of customer traffic growth as well as a price increase of approximately 1.5%. Comparable store sales increased 1.2%, 1.2% and 0.6%, respectively for October, November and December at the Bistro and increased 2.6%, 2.7% and 0.4% respectively for October, November and December at Pei Wei.

During the fourth quarter of 2005, the company opened six new Bistro units and nine new Pei Wei units. One existing Bistro restaurant in Metairie, Louisiana remained closed due to Hurricane Katrina. The company anticipates reopening the restaurant during 2006.

The company intends to release its fourth quarter earnings results on February 15, 2006 at approximately 7:00 am ET. A conference call will be held later that same day at 12:00 pm ET. A webcast of the conference call can be accessed at www.pfchangs.com

P.F. Chang’s China Bistro, Inc. owns and operates two restaurant concepts in the Asian niche. P.F. Chang’s China Bistro combines high-quality, traditional Chinese cuisine with attentive service in a sophisticated contemporary bistro setting. Pei Wei Asian Diner offers a modest menu of freshly prepared Asian cuisine served in a relaxed, warm environment offering attentive counter service and take-out flexibility.

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The statements contained in this press release that are not purely historical, including the company’s estimates of its revenues, earnings and comparable store sales, are forward-looking statements. The accuracy of these forward-looking statements may be affected by certain risks and uncertainties, including, but not limited to, the company’s ability to locate acceptable restaurant sites; open new restaurants and operate its restaurants profitably; the company’s ability to hire, train and retain skilled management and other personnel; the company’s ability to access sufficient financing on acceptable terms; changes in consumer tastes and trends; national, regional and local economic and weather conditions; changes in costs related to food, utilities and labor; and other risks described in the company’s recent SEC filings.

Contact:	P.F. Chang’s China Bistro, Inc.		(480) 888-3000
	Media:	Laura Cherry	laurac@pfchangs.com
	Investor:	Bert Vivian	bertv@pfchangs.com

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P.F. Chang’s China Bistro

Supplemental Sales Information

Year of Unit Opening (1)

	Pre-1998			1998		1999		2000		2001		2002		2003		2004		2005	Total
Units		11		10		13		16		13		14		18		18		18		131
Sales (000)
1Q05		20,173		15,178		19,347		24,256		19,247		18,298		24,577		21,148		1,356		163,580
2Q05		20,041		14,949		19,315		24,273		18,690		17,588		24,510		21,121		5,930		166,418
3Q05		18,952		14,977		18,951		23,718		18,095		17,028		24,160		20,640		12,092		168,612
4Q05		18,342		15,281		19,371		23,958		18,749		17,711		24,476		20,393		18,314		176,595
2005		77,508		60,386		76,984		96,205		74,781		70,625		97,722		83,301		37,692		675,204
Average Weekly Sales (AWS)
1Q05		129,314		116,753		114,477		116,617		113,885		100,538		105,028		90,375		135,612		109,637
2Q05		128,471		114,995		114,288		116,695		110,594		96,640		104,742		90,262		121,025		108,699
3Q05		125,512		115,211		112,138		114,028		107,068		93,560		103,247		88,203		103,347		105,779
4Q05		128,263		117,547		114,622		115,183		110,941		97,313		104,599		87,148		101,747		107,092
2005		127,901		116,127		113,881		115,631		110,622		97,013		104,404		88,997		105,877		107,757
Year-Over-Year Change in AWS (2)
1Q05		4.3	%	1.2	%	4.6	%	3.3	%	2.1	%	3.4	%	1.0	%	-4.7	%	—		2.5	%
2Q05		4.4	%	0.0	%	3.0	%	2.9	%	1.0	%	1.9	%	1.8	%	-6.1	%	—		1.6	%
3Q05		2.9	%	-1.2	%	-0.4	%	-1.1	%	-0.7	%	-1.5	%	-0.3	%	-7.9	%	—		-1.1	%
4Q05		2.5	%	0.6	%	1.2	%	-0.2	%	0.9	%	0.5	%	2.5	%	-7.2	%	—		-0.2	%
2005		3.5	%	0.1	%	2.1	%	1.2	%	0.8	%	1.1	%	1.3	%	-6.9	%	—		0.7	%
Year-Over-Year Change Comp Store Sales (3)
Units		11		10		13		16		13		14		18		9		—		104
1Q05		3.3	%	1.2	%	4.6	%	3.3	%	2.1	%	3.4	%	1.6	%	—		—		2.9	%
2Q05		2.4	%	0.0	%	3.0	%	2.9	%	1.0	%	1.9	%	1.7	%	-6.4	%	—		1.9	%
3Q05		-0.2	%	-1.2	%	-0.4	%	-1.1	%	-0.7	%	-1.5	%	-0.3	%	-2.0	%	—		-0.8	%
4Q05		0.8	%	0.6	%	1.2	%	-0.2	%	0.9	%	0.5	%	2.5	%	2.1	%	—		1.0	%
2005		1.6	%	0.1	%	2.1	%	1.2	%	0.8	%	1.1	%	1.3	%	0.1	%	—		1.2	%

(1)	Includes all restaurants opened in the period indicated.
(2)	A unit becomes included in the year-over-year change in AWS in the thirteenth month of operation.
(3)	A unit becomes comparable in the eighteenth month of operation.

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Pei Wei Asian Diner

Supplemental Sales Information

Year of Unit Opening (1)

	2000		2001		2002		2003		2004		2005	Total
Units	1		4		11		17		20		24		77
Sales (000)
1Q05	934		2,424		6,292		9,401		11,167		416		30,634
2Q05	898		2,289		6,095		9,239		10,851		2,265		31,638
3Q05	738		2,203		5,957		9,109		10,314		6,117		34,437
4Q05	790		2,222		5,955		9,072		10,153		9,046		37,239
2005	3,359		9,139		24,299		36,822		42,485		17,844		133,949
Average Weekly Sales (AWS)
1Q05	71,822		46,621		44,001		42,537		42,949		46,224		43,888
2Q05	69,064		44,012		42,624		41,807		41,736		42,744		42,639
3Q05	56,784		42,366		41,653		41,218		39,670		39,461		40,802
4Q05	60,752		42,740		41,646		41,052		39,049		35,061		39,323
2005	64,605		43,935		42,482		41,654		40,851		37,566		41,457
Year-Over-Year Change in AWS (2)
1Q05	7.2	%	5.6	%	6.2	%	5.9	%	0.7	%	—		5.6	%
2Q05	4.9	%	5.3	%	7.4	%	6.0	%	1.7	%	—		5.3	%
3Q05	-12.0	%	4.4	%	5.8	%	2.3	%	-2.2	%	—		1.5	%
4Q05	-10.3	%	2.6	%	4.3	%	3.0	%	-4.3	%	—		0.2	%
2005	-2.5	%	4.5	%	5.9	%	4.3	%	-2.1	%	—		2.9	%
Year-Over-Year Change Comp Store Sales (3)
Units	1		4		11		17		12		—		45
1Q05	7.2	%	5.6	%	6.2	%	5.8	%	—		—		6.0	%
2Q05	4.9	%	5.3	%	7.4	%	6.0	%	10.9	%	—		6.3	%
3Q05	-12.0	%	4.4	%	5.8	%	2.3	%	1.5	%	—		2.8	%
4Q05	-10.3	%	2.6	%	4.3	%	3.0	%	-0.5	%	—		1.9	%
2005	-2.5	%	4.5	%	5.9	%	4.2	%	0.3	%	—		4.0	%

(1)	Includes all restaurants opened in the period indicated.
(2)	A unit becomes included in the year-over-year change in AWS in the thirteenth month of operation.
(3)	A unit becomes comparable in the eighteenth month of operation.

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