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BUSINESS
November 6, 2009 | Times Staff and Wire Reports
California Pizza Kitchen Inc. reported a jump in third-quarter profit despite a sales decline because of the slump in the restaurant industry. The Los Angeles-based chain of 256 pizza and pasta houses said its net income jumped 16.8% to $5.8 million from a year earlier. Earnings per share rose to 24 cents from 20 cents. But sales fell 5.3% to $164.8 million. Same-store sales dropped 8%. Rick Rosenfield, who along with Larry Flax is co-chief executive of the company, attributed the gain in profits to lower expenses, mostly through better management of energy and labor costs, and a reduction in employee turnover.
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BUSINESS
August 18, 2011 | By Tiffany Hsu, Los Angeles Times
When choosing its new chief executive, California Pizza Kitchen Inc. went for a taste of Texas-style steak by way of Kentucky. The new boss of the Los Angeles-based casual dining company will be G.J. Hart — recently CEO of western-themed chain Texas Roadhouse Inc., based in Louisville, Ky. CPK said Thursday that Hart would replace co-founders Rick Rosenfield and Larry Flax. The two former federal prosecutors launched the chain's first restaurant in Beverly Hills in 1985.
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BUSINESS
August 18, 2011 | By Tiffany Hsu, Los Angeles Times
When choosing its new chief executive, California Pizza Kitchen Inc. went for a taste of Texas-style steak by way of Kentucky. The new boss of the Los Angeles-based casual dining company will be G.J. Hart — recently CEO of western-themed chain Texas Roadhouse Inc., based in Louisville, Ky. CPK said Thursday that Hart would replace co-founders Rick Rosenfield and Larry Flax. The two former federal prosecutors launched the chain's first restaurant in Beverly Hills in 1985.
BUSINESS
November 6, 2009 | Times Staff and Wire Reports
California Pizza Kitchen Inc. reported a jump in third-quarter profit despite a sales decline because of the slump in the restaurant industry. The Los Angeles-based chain of 256 pizza and pasta houses said its net income jumped 16.8% to $5.8 million from a year earlier. Earnings per share rose to 24 cents from 20 cents. But sales fell 5.3% to $164.8 million. Same-store sales dropped 8%. Rick Rosenfield, who along with Larry Flax is co-chief executive of the company, attributed the gain in profits to lower expenses, mostly through better management of energy and labor costs, and a reduction in employee turnover.
BUSINESS
December 22, 1989 | JANE APPLEGATE
With sales topping $30 million this year and the number of restaurants increasing to 11, the entrepreneurs who founded California Pizza Kitchen are thinking seriously about selling stock to the public. "Since day one, people have been after us to go public," said Rick Rosenfield, co-founder of the 5-year-old gourmet pizza restaurant chain. "This is a natural public vehicle because it has a glamorous concept."
BUSINESS
September 5, 1988 | MARTHA GROVES, Times Staff Writer
For years, as government prosecutors and then defense attorneys, Larry Flax and Rick Rosenfield got used to having others in the courtrooms stand in judgment of their work. Now, as restaurateurs, they have the public at large as judge and jury. So far the verdict has been quite favorable.
NEWS
December 17, 1989 | JEANNINE STEIN, TIMES SOCIETY WRITER
Nouveau riche. New money. The words suggest tactless millionaires spending lavishly on overpriced, gaudy trappings: buying original art to match the living room decor; accessorizing the Mercedes with 24-karat gold trim; building outsized, Tara-style mansions.
BUSINESS
June 3, 1998
Small-business owners can get information on financing, resources and using the Internet at the 17th annual Small Business Awards luncheon being held Friday at the Hotel Inter-Continental in downtown Los Angeles. Jack Kyser, chief economist for the Los Angeles Economic Development Corp., and Alberto Alvarado, district director of the Los Angeles office of the Small Business Administration, will be among the speakers.
BUSINESS
April 26, 2005 | From a Times Staff Writer
California Pizza Kitchen Inc. said Monday that it paid $6 million in cash for the 75% of LA Food Show Inc. it didn't already own. LA Food Show operates one restaurant, LA Food Show Grill & Bar in Manhattan Beach. The restaurant was created in 2003 by California Pizza Kitchen's co-chief executives and founders, Rick Rosenfield and Larry Flax.
BUSINESS
August 2, 2000 | Bridge News, Reuters
L.A.-based California Pizza Kitchen Inc. got a good reception for its initial public offering on Tuesday, as it sold 5.3 million shares at $15 each. That was the top of the price $13-to-$15 price range the company had hoped to get. The stock will begin trading today on Nasdaq under the symbol CPKI.
BUSINESS
December 22, 1989 | JANE APPLEGATE
With sales topping $30 million this year and the number of restaurants increasing to 11, the entrepreneurs who founded California Pizza Kitchen are thinking seriously about selling stock to the public. "Since day one, people have been after us to go public," said Rick Rosenfield, co-founder of the 5-year-old gourmet pizza restaurant chain. "This is a natural public vehicle because it has a glamorous concept."
NEWS
December 17, 1989 | JEANNINE STEIN, TIMES SOCIETY WRITER
Nouveau riche. New money. The words suggest tactless millionaires spending lavishly on overpriced, gaudy trappings: buying original art to match the living room decor; accessorizing the Mercedes with 24-karat gold trim; building outsized, Tara-style mansions.
BUSINESS
September 5, 1988 | MARTHA GROVES, Times Staff Writer
For years, as government prosecutors and then defense attorneys, Larry Flax and Rick Rosenfield got used to having others in the courtrooms stand in judgment of their work. Now, as restaurateurs, they have the public at large as judge and jury. So far the verdict has been quite favorable.
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
October 24, 2003 | Karen Robinson-Jacobs, Times Staff Writer
California Pizza Kitchen Inc. suffered a $4.8-million third-quarter loss after writing down some underperforming restaurants, the Westchester-based company said Thursday. The loss, the first quarterly red ink since the company went public in August 2000, amounted to 26 cents a share. Without the charges, net income would have been 23 cents a share, the company said. On that basis, Wall Street analysts had expected a profit of 22 cents. Revenue for the quarter ended Sept. 28 rose 18% to $93.
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