CPK lowers outlook for 2Q

Blaming the still-volatile economy and comparisons with a popular promotion last year, California Pizza Kitchen Inc. on Monday significantly lowered its sales and profit outlook for the second quarter.

Shares in CPK plunged nearly 11 percent Monday after the company revised its forecast, closing at $16.83.

For the quarter ended July 4, CPK said it now expects earnings of 10 cents to 15 cents per share, with same-store sales projected to fall 6 percent to 7 percent. The company e

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