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.
July 16, 1998 |
Advertiser: California Pizza Kitchen Agency: Colby Effler & Partners, Santa Monica Challenge: Grab attention of consumers on a low budget. The Ads: A billboard campaign concentrated mostly in West Los Angeles and the Valley uses offbeat humor to grab consumers' attention. "They prefer you lay off the garlic pizza before your appointment," says a sign above a Western California Dental office. An ad above Holiday Carpet Co.
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.
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.
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%.
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.
August 7, 2003 |
California Pizza Kitchen Inc. will pay its recently departed chief executive, Frederick R. Hipp, a $600,000 severance, according to an agreement filed with the Securities and Exchange Commission. Hipp resigned from the Los Angeles-based pizza chain last month after the company's board and founders became concerned about his aggressive growth strategy. In addition, the company agreed to pay Hipp for health insurance costs for up to 18 months or $20,000.
August 8, 2008 |
California Pizza Kitchen Inc. said second-quarter net income rose to $6.6 million, or 26 cents a share, from $6.3 million, or 21 cents, a year earlier. Revenue rose 11% to $176.6 million. The Westchester-based company's new 2008 profit forecast calls for earnings of 65 cents to 70 cents a share, versus its previous call for earnings of 59 to 65 cents. CPK shares closed down 39 cents, or 2.7%, at $14.01 before the earnings news.