CPK cuts 2Q earnings outlook after halting construction of ASAP unit

LOS ANGELES California Pizza Kitchen Inc., noting that its ASAP fast-casual concept needs fine-tuning, said Tuesday it reduced its second-quarter per-share earnings outlook by 2 cents because of costs associated with halting the construction of a planned ASAP unit.

California Pizza Kitchen, which operates, licenses or franchises 213 restaurants under its full-service namesake casual-dining brand and the ASAP concept, said it now expects to earn 21 cents per share

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