The company also enhanced its dine-in experience in March through a partnership with Wisely to allow customers to use a waitlist and reserve tables through Google.īecoming a public company could support these plans further through additional capital, which may also help the company test new ways of engaging with customers. It will open 50 To Go units within its network by 2022. As of the end of June, the company had 10 To Go locations open, including eight units previously open in Chicago and New York City. T he chain received between $5 million and $10 million in Paycheck Protection Program loans last April.īut P.F Chang's off-premise strategy appears to be helping the brand turn a corner. Its 2020 sales dropped an estimated 34.5% to $601 million, according to Technomic data. Chang's To Go concept to provide takeout, delivery and catering at smaller buildings in high-density urban markets, and now plans to expand the model.ĭespite this shift, 2020 was still a difficult year for the company. The company appears to be a more diversified brand compared when it was last public, and it has a larger off-premise footprint. It was taken private in 2012 when it was acquired by an affiliate of Centerbridge Partners for $1.1 billion. Chang's were to go public, this wouldn't be the first time. The chain originally went public in 1998, five years after the company was established.
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