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California Pizza Kitchen

January 25, 2008 | Andrea Chang, Times Staff Writer
The gig: Co-founders and co-chief executives of California Pizza Kitchen Inc., which serves California-style cuisine including pizzas, pastas and salads at 228 locations worldwide. The chain recorded a profit of $21 million on revenue of $554.6 million in 2006. Education: Flax received his bachelor's in business from the University of Washington and his JD and master's in law from USC.
January 16, 2008 | From Times Wire Services
Shares of California Pizza Kitchen Inc. fell 19% on Tuesday after the restaurant operator warned that its fourth-quarter profit was less than projected and the company reduced its earnings forecast for 2008. The Century City-based company, which has 228 eateries, said sales growth slowed because of "continuing challenges in the macroeconomic environment." In preliminary results, fourth-quarter profit was 16 cents to 18 cents a share, the restaurateur said. In November, it said it would earn no less than 22 cents a share.
January 4, 2008 | Jocelyn Y. Stewart, Times Staff Writer
In the days when pizza toppings mostly consisted of pepperoni, sausage, onions and peppers, chef Ed LaDou was a pioneer, adding gourmet toppings that had never before graced the face of pizza.
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.
October 10, 2007 | From Times Wire Services
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.
February 16, 2007 | From the Associated Press
Restaurant chain California Pizza Kitchen Inc. said its fourth-quarter profit rose 7%, aided by higher same-store sales. Quarterly earnings grew to $3.7 million, or 19 cents a share, from $3.5 million, or 17 cents, a year earlier. Revenue rose to $146 million from $125.4 million. Wall Street, on average, expected quarterly earnings of 16 cents a share on $144.8 million in revenue, according to an analyst poll by Thomson Financial.
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.
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.
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.
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