August 18, 2001 |
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.
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.
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 3, 2013 |
Quirky grocery chain Trader Joe's is dealing this week with some concern over its products, including a public statement from a major advocacy group criticizing the presence of antibiotics in meat and a lawsuit from the state of California alleging undisclosed lead content in candies. In an advertisement in the Los Angeles Times on Thursday, Consumers Union singled out Trader Joe's for selling meat from animals fed a steady stream of antibiotics. The full-page spread featured the word “WARNING!
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.
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.