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Article: California Pizza Kitchen, Inc. Reports Preliminary Third Quarter 2008 Results; Comparable Restaurant Sales Decrease 2.4%; Maintains Third Quarter Earnings Guidance of $0.18-$0.21 Per Diluted Share.(Financial report)
- Article from:
- Business Wire
- Article date:
- October 7, 2008
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LOS ANGELES -- California Pizza Kitchen, Inc. (Nasdaq:CPKI) announced today that revenues increased 7.4% to $174.0 million for the third quarter ended September 28, 2008 versus $162.0 million in the third quarter of 2007. Comparable restaurant sales decreased approximately 2.4% compared to an increase of 3.5% in the third quarter a year ago.
During its August 7, 2008 second quarter conference call, the Company forecasted negative 2% comparable restaurant sales and earnings of $0.18 to $0.21 per diluted share for the third quarter. Based on third quarter revenues and a continued focus on operating efficiencies, the Company is maintaining earnings guidance of ...