CPK's profit dips 21.9%

LOS ANGELES California Pizza Kitchen Inc. reported a 21.9-percent, year-over-year drop in first-quarter profit, on increased labor and other costs that offset a revenue gain of 15.2 percent, to $149.4 million.

The parent company to the 212-unit namesake chain continued to post positive same-store sales, however, up 4.7 percent for the quarter, making it one of the exceptions to the casual-dining sector's sales slowdown.

The company said in a statement

Register to view the full article

Register to view this article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish