LOS ANGELES California Pizza Kitchen Inc. cited slow sales and heavy impairment charges as it booked a $5.3 million loss in its fourth quarter. Facing "unprecedented economic times," the parent of the 254-unit casual pizza chain predicted that negative sales trends would continue in its current fiscal year and said it would slow expansion to only five new company-owned stores.For the fourth quarter ended Dec. 28, CPK reported a net loss of $5.3 million, or 22 cents per share, ...
It’s free but we need to know a little about you to continually improve our content.
Why Register?
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 the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!