The company, known for its Barbecue Chicken pizza and other offbeat creations, said based on early results in the quarter it now expects second-quarter earnings in the range of 10 to 15 cents a share, down from its prior forecast of 24 to 26 cents a share. Analysts polled by Thomson Reuters I/B/E/S were expecting 26 cents.
California Pizza also said it now expects same-store full-service restaurant sales in the range of negative 6 percent to negative 7 percent. Before, it had forecast a decline of 0.5 percent to 2.5 percent.
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