I applaud California Pizza Kitchen’s press release concerning 3rd quarter performance. In a very difficult environment, CPK provided indication that they’ve hit their per share earnings target. Despite providing earlier guidance that same store sales would drop by 2% in the 3rd quarter, CPK cited “operational efficiencies” as one of the main drives to hitting their per share earnings target.
Several companies publicly announced a turn towards operational efficiencies to help combat slowing sales and rising costs. Although CPK did not outline exactly what they did, I’d be very interested to see what technology was employed to help boost their profitability. Looking forward to the full readout next month.