CPK cuts 2Q earnings outlook after halting construction of ASAP unit

LOS ANGELES California Pizza Kitchen Inc., noting that its ASAP fast-casual concept needs fine-tuning, said Tuesday it reduced its second-quarter per-share earnings outlook by 2 cents because of costs associated with halting the construction of a planned ASAP unit.

California Pizza Kitchen, which operates, licenses or franchises 213 restaurants under its full-service namesake casual-dining brand and the ASAP concept, said it now expects to earn 21 cents per share

Register to view the full article

Register to view this article

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish