CPK raises 1st-Q earnings forecast

LOS ANGELES California Pizza Kitchen Inc. upped its first quarter earnings forecast based on a 10.2-percent increase in revenue, better-than-expected same-store sales and operating efficiencies.

CPK now expects per-share earnings of between 7 cents and 8 cents for the quarter ended March 30, up from previous expectations released in February when the company expected per-share earnings of between 4 cents and 6 cents.

At the time CPK had predicted

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