The company plans to open 19 new Bistro restaurants during 2007,and 15 to 17 new units next year, said Robert T. Vivian, presidentof P.F. Chang's China Bistro. Three "very aggressive" dealsscheduled for 2008 already have been scrapped, and two openingsplanned for 2008 may move into late 2007.
"There is no need for us to risk capital on deals that requireeverything to go right," Vivian said.
The company plans to open 37 new Pei Wei restaurants during2007, 19 of which were open by the end of the second quarter. Thechain has reached a sales point where continuing to accelerateexpansion will put pressure on performance.
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