CPK swings to net loss in 3Q

Impairment charges, store closures, and legal settlement contribute to loss

California Pizza Kitchen Inc. swung to loss in the third quarter, the company reported Thursday, on impairment charges, store closure costs and a legal class-action settlement.

The company’s full-service same-store sales did move into positive territory for the first time in two years, however, as the California Pizza Kitchen chain benefited from its successful Thank You Card Program, which encourages repeat visits. Same-store sales at full-service restaurants rose 0.7 p

Register to view the full article

Register to view this article

Hide 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.