California Pizza Kitchen Stocks Rise in Second Quarter Results

According to the Wall Street Journal. “California Pizza Kitchen Inc. (CPKI) raised its second-quarter earnings forecast despite lower sales, citing the restaurant chain’s progress in managing costs.”

“Shares rose 4.1% to $14.29 in after-hours trading as co-Chief Executives Rick Rosenfield and Larry Flax said new restaurant openings are experiencing strong weekly sales averages. California Pizza Kitchen opened.”