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California Pizza Kitchen

BUSINESS
December 4, 2007 | From Times Wire Services
Farallon Capital Management, a San Francisco hedge-fund manager, almost tripled its stake in California Pizza Kitchen Inc. and said it might discuss the restaurant chain's operations with management. In a Securities and Exchange Commission filing Monday, Farallon said it held 1.56 million shares, a 5.3% stake, making it the Los Angeles company's third-largest shareholder. The filing was reported after the stock market closed. California Pizza Kitchen shares fell 76 cents to $15.
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BUSINESS
August 10, 1993
R.D. Olson Construction in Anaheim was recently awarded $3.7 million in contracts to build five new California Pizza Kitchen restaurants across the nation. The gourmet pizza and pasta restaurants will open in San Mateo, Dallas, Wheaton, Ill., and Boca Raton and Naples, Fla. Once the five restaurants are completed, R.D. Olson will have built 23 eateries for California Pizza Kitchen since 1989. Founded in 1979, R.D.
BUSINESS
August 8, 2006 | From the Associated Press
Dining chain California Pizza Kitchen Inc. on Monday posted a slight decline in second-quarter profit as cost growth kept pace with rising sales. For the quarter ended July 2, earnings fell to $6 million, or 30 cents a share, from $6.2 million, or 32 cents, in the year-earlier period. Operating income rose to $8.7 million from $7.8 million. Sales increased 14% to $136.2 million from $119.4 million in the year-earlier quarter. Expenses rose 14% to $108.6 million.
BUSINESS
October 12, 2006 | From Reuters
California Pizza Kitchen Inc. boosted its third-quarter earnings forecast by a penny because of better-than-expected sales at its pizza restaurants. The Los Angeles-based restaurant chain said it expected quarterly earnings to be 33 cents to 34 cents a share, based on a 15% rise in revenue to $142.8 million and a 5.6% rise in same-restaurant sales. California Pizza Kitchen previously had forecast earnings of 32 cents to 33 cents a share for the quarter ended Oct. 1.
BUSINESS
August 18, 2001 | Bloomberg News
Money manager Ronald Baron reported that his investment funds and accounts have purchased a 10.2% stake in L.A.-based California Pizza Kitchen Inc. (ticker symbol: CPKI). The Baron funds hold 1.8 million common shares, according to a filing with the Securities and Exchange Commission. They purchased 1.7 million of these shares during the second quarter. California Pizza Kitchen operates 121 restaurants, including 90 that are company-owned. The company's shares fell $1.20 to close at $20.
BUSINESS
August 3, 2000 | Times Staff; Wire Reports
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.
BUSINESS
October 2, 2001 | Reuters
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.
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