Despite what is a sagging overall economy, our industry continues to do pretty good overall, and nationally will show growth this year! Good news–

Eric

California Pizza Kitchen guides Q2 EPS to $0.25-$0.26 vs prior $$.16-$0.17 and Reuters $0.17 (11.18)
The company reportss Q2 revenue of $176.6 vs Reuters $175.1M; Q2 comps of +1.4% vs year ago 5.4%. Company adds that, despite its better-than-expected performance, it is not adjusting full year 2008 guidance at this time due to limited sales visibility and an ongoing concern for the economy. StreetAccount consensus (3 firms) was for flat same-store sales; full year comp guidance is for flat to down 1%. Separately, the company also announced a $50M share repurchase authorization that is good over the next two years. Full second quarter results to be reported on 7-Aug after the market closes, with a conference call following at 16:30 ET.