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

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