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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.