CPK expects loss in 4th-Q

LOS ANGELES California Pizza Kitchen Inc. said Wednesday it expected to record a fourth-quarter net loss, versus a year-earlier profit, on negative same-store sales and impairment charges on 10 of its restaurants.

The operator or franchisor of 252 restaurants under the California Pizza Kitchen, CPK/ASAP and the LA Food Show Grill & Bar brands, said same-store sales for the quarter ended Dec. 28 fell 7.2 percent. Total revenues fell 0.7 percent to $161.7 million.

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