California Pizza Kitchen Inc. reported a 31-percent dive in second-quarter profit as the shift of its Thank You Card program put a dent in sales. For the quarter ended July 4, the Los Angeles-based company had net income of $4.2 million, or 17 cents per share, compared with earnings of $6.1 million, or 25 cents a share, a year ago. Second-quarter revenue declined 4.6 percent to $163.1 million, reflecting a same-store sales drop of 5.9 percent. The company blamed the sales decline on ...
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Contact: Desiree Torres Desiree.Torres@penton.com