LOS ANGELES California Pizza Kitchen Inc. upped its second-quarter earnings forecast as continued cost-cutting strategies overcame its falling revenue and same-store sales. The company's stock price rose 4.5 percent Thursday after the announcement late Wednesday to close at $14.35.For the quarter ended June 28, CPK reported a 3.2-percent decline in revenue to $170.9 million. Same-store sales fell 6.5 percent at full-service California Pizza Kitchen restaurants, versus a 1.5-percent increase ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com