CPK reaffirms revenues, earnings for first quarter '02

April 23, 2002

LOS ANGELES -- California Pizza Kitchen Inc. (CPKI: Nasdaq) reaffirmed revenue gains and increased comparable store sales for the first quarter 2002.

Net income was up 13 percent to $3.7 million, on revenues of $70.2 million.

During the same quarter last year, net income was $3.3 million on revenues of $57 million.

Same-store sales at its 103 company-owned stores increased 2.7 percent over the same period last year, but in a March release CPK attributed much of the gain to increased menu prices. Per-store sales average for the quarter was $54,420.

The company does not report sales at its 29 franchised stores.

Earnings per share were 20 cents, compared to 18 cents for the same period last year.

Topics: Public Companies

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