CPK cuts 2008 outlook on sluggish sales

LOS ANGELES California Pizza Kitchen Inc. has slashed its per-share earnings outlook for 2008 by as much as 36 percent, saying continuing macroeconomic challenges are likely to result in negative to flat same-store sales for the year. The gourmet pizza restaurant operator joined many of its peers in reducing its outlook for the year, as slowed sales and increased costs continue to pressure the industry.

Comparable-store sales for 2008 are now expected to fall 1

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