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What: Shares of restaurant company P.F. Chang’s (Nasdaq: PFCB) fell 10% today after the company released earnings.

So what: Revenue increased 2.3% to $317.4 million but missed estimates of $320.4 million. Earnings per share also missed the market, coming in seven cents below consensus at $0.46 per share.

Now what: Lost sales of around $1.1 million at eight locations in Arizona that were raided in an immigration raid hurt results in the quarter. Higher costs are putting pressure on restaurant chains to raise prices and margins are hurting as a result. I am inclined to sit out this dip and will stick with companies with better growth prospects like Panera Bread (Nasdaq: PNRA).

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