California Pizza Kitchen Inc. (CPKI) announced its preliminary third-quarter results. Revenues decreased 5.3% to $164.8 million from $174.0 million last year. Analysts expect revenue of $167.39 million for the quarter.
Full service comparable restaurant sales decreased approximately 8.0%.
The company has increased its third-quarter earnings guidance range to $0.22-$0.24 per share from prior range of $0.19-$0.21 per share. On average, 17 analysts polled by Thomson Reuters expect the company to report earnings of $0.21 per share for the quarter.
The company also noted that it has reduced its outstanding debt by an additional $13.0 million during the third quarter totaling a $37.0 million reduction for the year and resulting in a quarter end debt balance of $37.0 million.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.