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California Pizza Kitchen increases 4th-Q profit on sales surge

LOS ANGELES California Pizza Kitchen Inc., parent company to 207 restaurants including its namesake dinnerhouse brand, the fast-casual CPK concept and the one LA Food Show restaurant, posted a 7.3-percent increase in fourth-quarter profit as same-store sales gains and new unit openings helped drive a 16.4-percent revenue surge to $146 million.


For the quarter ended Dec. 31, the company earned $3.7 million, or 19 cents per share, versus earnings of $3.5 million, or 17 cents per share, in the year-earlier quarter. Same-store sales increased 6.9 percent, the company reported.



For the full year, the company earned $21 million, or $1.06 per share, versus $19.5 million, or 99 cents per share. Revenues totaled $554.6 million, up 15.6 percent from a year earlier.


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