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, ...
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!