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California Pizza Kitchen

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.
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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.
BUSINESS
July 16, 1998 | DENISE GELLENE
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.
BUSINESS
July 23, 2004 | Julie Tamaki, Times Staff Writer
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%.
BUSINESS
May 21, 1992 | MARTHA GROVES, TIMES STAFF WRITER
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.
BUSINESS
November 10, 2006 | From the Associated Press
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.
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