CPK swings to loss on slow sales, charges

LOS ANGELES California Pizza Kitchen Inc. cited slow sales and heavy impairment charges as it booked a $5.3 million loss in its fourth quarter.

Facing "unprecedented economic times," the parent of the 254-unit casual pizza chain predicted that negative sales trends would continue in its current fiscal year and said it would slow expansion to only five new company-owned stores.

For the fourth quarter ended Dec. 28, CPK reported a net loss of $5.3

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