UPDATE 1-California Pizza Kitchen stands by earnings view

Tue. October 07, 2008; Posted: 04:21 PM

SAN FRANCISCO, Oct 08, 2008 (Reuters via COMTEX) -- CPKI | Quote | Chart | News | PowerRating -- California Pizza Kitchen Inc backed its third-quarter profit view on Tuesday, saying that sales rose 7.4 percent in the quarter.

The company said same-restaurant sales fell 2.4 percent in the third quarter ended Sept. 28, while total revenues rose to $174.0 million.

California Pizza Kitchen said it still expects to post earnings of 18 cents to 21 cents per share when it releases third-quarter results on Nov. 6.

Analysts, on average, had been expecting the Los Angeles-based restaurant chain to post revenues of $175.4 million, according to Reuters Estimates. They are expecting quarterly profit of 20 cents per share.

(Reporting by Alexandria Sage; Editing by Gary Hill) Keywords: CPK/ Alexandria Sage vj

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For full details on California Pizza Kitchen (CPKI) click here. California Pizza Kitchen (CPKI) has Short Term PowerRatings of 7. Details on California Pizza Kitchen (CPKI) Short Term PowerRatings is available at This Link.

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