CPK raises 2Q earnings outlook

California Pizza Kitchen Inc. revised its second quarter earnings outlook again, this time upward, on better-than-expected same-store sales.

The company said Tuesday it now expects to earn 15 cents to 17 cents per share for the July 4-ended second quarter, up from a previous range of 10 cents to 15 cents per share.

The new outlook is based on a 4.6-percent decline in second-quarter revenue to $163.1 million and a same-store sales drop of 5.9 percent, compared with a 6.5-percent

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