News

Revenue and profit slide continues at Chuck E. Cheese's Pizza

February 22, 2006

IRVING, Texas—The year 2005 was a difficult one for CEC Entertainment, parent of Chuck E. Cheese's Pizza.

According to a regulatory filing, fourth quarter revenue for the period ended Jan. 1, 2006, to $164.1 million from $172.1 million in the comparable period in 2004. Net income was $9.9 million compared to $15.6 million in 2004. Comparable-store sales declined 1.2 percent.

Full-year 2005 revenue was $726.2 million, down from $728.1 million in 2004, and net income was $72.9 million versus $82.5 million last year.

CEC's fiscal 2004 was a 53-week year.

There are 522 Chuck E. Cheese's restaurants in 48 U.S. states, of which 478 are owned and operated by the company.