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Business Briefing

Restaurants

CPK profit falls 7% as sales drop

August 07, 2009|Times Wire Reports

California Pizza Kitchen Inc., a casual dining chain, said its second-quarter profit fell 7% on weaker revenue.

Net income was $6.1 million, or 25 cents a share, down from $6.6 million, or 26 cents, a year earlier. Sales fell 3.2% to $170.9 million from $176.6 million. The profit and revenue matched analysts' estimates.

Shares fell 24 cents Thursday to close at $15.90.

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