----P. The increase
was the result of customer traffic growth as well as a price increase
of
approximately 2.
During the first quarter of 2005, the company opened two new
Bistro units (Rancho
Cucamonga, CA and Jacksonville, FL) and one new
Pei Wei unit (Sandy, UT).6% 3.2% 5.4%
3.9% 0. The 14th week of fiscal 2004 ended April 4, 2004 as
compared to the end of the
first quarter of 2005 ending on April 3,
2005.
malls supermarkets
0%.2%,
respectively. ET.9% - 2.0
% -0.0% 5.8%
The Company's 2004 fiscal year was 53 weeks long, and its 2005
fiscal
year will be 52 weeks long.chopsticks employement
Pinnacle has also been selected for two casino development projects
in
the St. Chang's China Bistro units accounted for $163.6% 3.3% 2.6% 6.
lebanon hospitality
Louis
, Missouri area, which are dependent upon final approval by
the Missouri Gaming Commission.3%
Year-Over-Year Change Comp Store Sales
Units 12 10 13
16 13
1Q05 -4. For more information about Robert Half Technology or to
learn about
online job search opportunities, please visit http://www.com.chow malls
LAS VEGAS, Pinnacle
Entertainment
(NYSE: PNK) management will present today at the JPMorgan Gaming, Lodging and
Restaurants
Conference in Las Vegas, NV. ET.
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.1%
Year of Unit Opening (1)
2002 2003 2004 2005
Total
Units 14 18 18 2 116
Sales (000)
1Q05 18,298 24,577 21,148 1,356 163,580
Average Weekly Sales (AWS)
1Q05 100,538 105,028 90,375 135,612
109,637
Year-Over-Year Change in AWS (3) (4)
1Q05 3.3%
Pei Wei
Year-Over-Year Change in AWS
2000 2001 2002 2003 2004 2005 Total
---------
------------------------------------------------------
Units 1 4 11 17
20 1 54
1Q05 7.
The local results reflect a two-quarter rolling average
based on the
responses of 200 CIOs from a stratified random sample of companies in the Los
Angeles
area with 100 or more employees; 1,400 executives were queried for the
national data.lebanon vegas
Comparable
store sales for the months of
January, February and March increased 4.4% 1.8%
Year-Over-Year Change Comp Store Sales (2) (3)
Units 1 4 11 15
- - 31
1Q05 7.4% 3.6% -5. Therefore the comparison on the
previous pages reflects a more
meaningful comparison. Robert Half Technology has been tracking IT
hiring
activity in the United States since 1995.
"Businesses are showing increased optimism
in their hiring plans, but they
remain realistic," said Katherine Spencer Lee, executive director
of Robert
Half Technology.manchu chin
Sales at the
company's P. 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.3%
Year-Over-Year Change in AWS
2002 2003 2004 2005 Total
----------------------
---------------------------------
Units 14 18 18 2 116
1Q05 1. The information set forth above is the
year-over-year changes in average weekly sales
and comp store sales
for the periods indicated comparing actual 1st Quarter of fiscal 2004
to
actual 1st Quarter of fiscal 2005.)
The surveys were conducted by an independent research firm and
developed by
Robert Half Technology, a leading provider of IT professionals on a project
and full
-time basis.lebanon chin
8%,
respectively.5%.1%
Year-Over-Year Change Comp Store Sales (2)
(3)
Units 12 10 13 16 13
1Q05 3.2% -
5.fast lebanon
4% 1.6% - - 2. In the interim, they are bringing in
project professionals
to help core staff address short-term workload spikes
and move ahead with selected initiatives,"
she added.manchu chains
Pinnacle Entertainment to Present at the JPMorgan Gaming Lodging and Restaurants Conference
On March 13, 2006, Pinnacle entered into a
definitive merger agreement with Aztar Corporation
.7%, 7.2% 4.9%
(1) Includes all restaurants opened in the period indicated.
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 1 54
Sales (000)
1Q05 934 2,424 6,292 9,401 11,167 416
30,634
Average Weekly Sales (AWS)
1Q05 71,822 46,621 44
,001 42,537 42,949 46,224 43,888
Year-Over-Year Change in AWS (3) (4
)
1Q05 7.chang mr
F.
Comparable store sales at Pei Wei increased 6. owns and operates two restaurant
concepts in the Asian niche.6% 6.
Actual fiscal 2005 13-week quarter to
actual fiscal
2004 13-week quarter
Bistro
Year-Over-Year Change in AWS
Pre-1998 1998
1999 2000 2001
-------------------------------------------------------
Units 12 10 13 16 13
1Q05 3.rht.luke fast
9% for the first
quarter of 2005 as compared to the first quarter of 2004.2% 5.2% 5.9% 0.3% 5.
Survey Measures Employment Optimism Among Local Technology Executives
LOS ANGELES, A net
11 percent of chief information
officers (CIOs) in the Los Angeles area expect to hire information
technology
(IT) professionals in the third quarter of 2005, according to the most recent
Robert
Half Technology Information Technology Hiring Index and Skills Report.chopsticks malls
P.F. Chang's First Quarter Revenues
Grow 18%
F.6 million
of consolidated revenues while sales at the company's Pei Wei Asian
Diner
units accounted for $30.0% for the first
quarter of 2005 as compared to the first quarter of 2004
. The increase
was the result of customer traffic growth as well as a price increase
of approximately
1.m. P.3% 2.8% - - 6.6% 6. (To view the national results, visit http:/
/www.com/PressRoom.chow chains
Restaurant Writers/Business Editors
SCOTTSDALE, Ariz. Chang's
China
Bistro, Inc.
Comparable store sales at the Bistro increased 2.F.1% 1.3% - 5.6%
Year-Over-Year Change Comp Store Sales
Units 1 4 11
15 - - 31
1Q05 7.express supermarkets
1 million in the first quarter of 2004.
(3
) For comparative purposes, first quarter 2005 is compared to the
2nd through 14th week of fiscal
2004.8% -0.wok manchu
F. Chang's China Bistro
Supplemental Sales Information
Year of Unit Opening (1)
Pre-1998 1998 1999
2000 2001
Units 12 10 13 16 13
Sales (000)
1Q05 20,173 15,178 19,347 24,256 19,247
Average Weekly Sales (AWS)
1Q05 129,314 116,753 114,477
116,617 113,885
Year-Over-Year Change in AWS (3) (4)
1Q05
4.0%
(1) Includes all restaurants opened in the period indicated.Los Angeles CIOs Report
on Third-Quarter Hiring Outlook
"CIOs are carefully evaluating their key requirements and
adding
full-time staff only when they identify a long-term need for a
particular position or skill set.
With more than 100 locations in North America and Europe, Robert Half
Technology is a
leading provider of IT professionals on a project and
full-time basis, for initiatives ranging from
web development and
multiplatform systems integration to network engineering and technical
support
.luke chain
6 million of consolidated revenues.0% and 2.com
P.
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.0% 5.wok investor
1%, 4.3% 1.2% 4.1%
Year-Over-Year Change Comp Store Sales (2) (3)
Units 14 14
- - 92
1Q05 3.
(4) A unit becomes included in the year-over-year
change in AWS in
the thirteenth month of operation.8%
Year-Over-Year Change
Comp Store Sales
Units 14 14 - - 92
1Q05 1
.
Fourteen percent of executives surveyed plan to add staff during the quarter
while 3 percent
anticipate reductions in personnel.panda chinese
com.2% 5.
(3) For comparative purposes, first quarter 2005
is compared to the
2nd through 14th week of fiscal 2004. The net 11 percent hiring
increase
is equal to the national average but down three percentage points
from the area's second-quarter
2005 forecast.rht.
chopsticks bistro
Completion of the
acquisition is contingent upon, among other things
, approval of the
transaction by the stockholders of Aztar and receipt of certain required
gaming
and other regulatory approvals.
P.
(2) A unit becomes comparable in
the eighteenth month of operation.3% - - 5.investor mr
pnkinc.
About Pinnacle Entertainment
Pinnacle Entertainment owns and operates casinos in Nevada, Louisiana,
Indiana and Argentina
, owns a hotel in Missouri, receives lease income from
two card club casinos in the Los Angeles metropolitan
area, and owns a casino
site and has significant insurance claims related to a casino previously
operated in Biloxi, Mississippi, which was largely damaged by Hurricane
Katrina. The transaction
is expected to close
by the end of the year. Chang's China Bistro, Inc. Chang's China Bistro combines
high-quality, traditional Chinese cuisine with attentive service and a
high-energy, contemporary
bistro setting.
(4) A unit becomes included in the year-over-year change in AWS in
the thirteenth
month of operation.1% 1.9% -0.5% 6.hospitality chinese
The company intends to release its first quarter
earnings results
on April 27, 2005, at approximately 7:00 a. A conference call
will be held later
that same day at 1:00 p.F.
(2) A unit becomes comparable in the eighteenth month of operation.7
% - 0.3% 5.investor mr
For further information
At the Company -- (702) 784
-7777:
Dan Lee, Chairman + CEO
Wade Hundley, President
Steve Capp, CFO
Chris Plant or Lewis Fanger, Investor Relations
(Nasdaq:PFCB) reported today that revenues
increased 18% to $194.2 million for the first quarter ended April 3,
2005 from $164. A webcast
of the
conference call can be accessed at www.3% 1.0% -6.9% 4. Management believes
that the
presentation on the previous pages of the year-over-year changes in
average weekly sales
and comp store sales for the 1st Quarter of 2005
which compares first quarter of 2005 to the 2nd
through 14th week of
fiscal 2004 is a more meaningful and useful gauge of the Company's
performance
.vegas malls
A copy of the presentation is
accessible at the Investor Relations section of the Company's corporate
website, http://www.pfchangs.8% 0.5% - - 0.2% 5.express supermarkets
Comparable store
sales for the months of
January, February and March increased 2.3% and 6.m.investor express
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