August 3, 2000 |
Wall Street got a taste of California pizza Wednesday--and liked it. Shares of Los Angeles-based California Pizza Kitchen soared $5.25, or 35%, to $20.25 on their first day of trading on Nasdaq. The firm's initial public offering of 5.3 million shares was priced at $15 late Tuesday. The bulk of the money raised will go to pay debt at the firm, which operates 83 CPK restaurants and 24 CPK ASAP sites domestically and abroad.
October 2, 2001 |
Southern California-based restaurant chains Jack in the Box Inc. and California Pizza Kitchen Inc. said earnings will be lower than expected as diners stayed away from restaurants after the attacks on the World Trade Center and the Pentagon. The chain operators also cited economic uncertainty, already weighing on some U.S. restaurants before the attacks, as a factor pressuring earnings. Shares of San Diego-based Jack in the Box fell $5, or 18%, to close at $23 on the New York Stock Exchange.
May 21, 1992 |
Pepsico, an old-timer in the quick-service restaurant business with its Kentucky Fried Chicken, Taco Bell and Pizza Hut chains, is venturing into full-service eateries with its purchase of a 50% stake in California Pizza Kitchen Inc., the companies said Wednesday. California Pizza Kitchen, a highly successful chain started seven years ago in Beverly Hills by two former U.S. prosecutors, specializes in "designer pizzas" with offbeat toppings such as bacon, lettuce, tomato and mayonnaise.
November 10, 2006 |
California Pizza Kitchen Inc. said Thursday that its third-quarter net income grew 20% as same-store sales increased, but the Westchester-based restaurant operator lowered its fourth-quarter guidance and its shares fell in after-hours trading. Net income for the quarter ended Oct. 1 totaled $6.7 million, or 34 cents a share, compared with $5.5 million, or 28 cents, a year earlier. Revenue rose 14% to $142.8 million.
July 23, 2004 |
Menu improvements and increased sales helped California Pizza Kitchen Inc. post an 18% jump in second-quarter profit Thursday. The Los Angeles-based chain of 168 premium pizza restaurants earned $5.2 million, or 27 cents a share, compared with $4.4 million, or 23 cents, a year earlier. The results beat forecasts of 25 cents a share. Revenue climbed 17% to $102.5 million. Sales at restaurants open at least a year rose 6.6%.
September 1, 1998 |
Banking on a turnaround in Westwood Village, a Seattle-based restaurant chain said it will open a $4-million, high-end Mediterranean restaurant, one of several upscale eateries scheduled to open in the area. Restaurants Unlimited Inc. signed a lease last week for a 9,100-square-foot restaurant that is to open by early next year as Palomino Euro Bistro in the Center West office building on Wilshire Boulevard.
October 10, 2007 |
Shares of California Pizza Kitchen Inc. reached the highest level in a month after the Westchester-based company said third-quarter profit would beat its forecast on higher sales. Preliminary third-quarter net income was 23 cents to 24 cents a share, the company said. That was more than the 22 cents to 23 cents it forecast. Revenue rose about 13% to $162 million. The company expects to release its third-quarter earnings Nov. 8. CPK shares rose 90 cents, or 4.8%, to $19.64.