Impairment charges, store closures, and legal settlement contribute to loss
California Pizza Kitchen Inc. swung to loss in the third quarter, the company reported Thursday, on impairment charges, store closure costs and a legal class-action settlement. The company’s full-service same-store sales did move into positive territory for the first time in two years, however, as the California Pizza Kitchen chain benefited from its successful Thank You Card Program, which encourages repeat visits. Same-store sales at full-service restaurants rose 0.7 percent. For ...
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Contact: Desiree Torres Desiree.Torres@penton.com