California Pizza Kitchen

National chain of restaurants offering gourmet pizzas.

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Headquarters:
6053 West Century Boulevard, 11th Floor
Los Angeles, CA 90045
Employees: 13,900
Co CEOs: Larry Flax and Richard Rosenfeld
Stock Symbol: CPKI

Website: http://www.cpk.com

Career Site

California Pizza Kitchen operates an upscale chain of restaurants offering gourmet pizzas like Barbecue Chicken, California Club, Jamaican Jerk Chicken, Thai Chicken, Peking Duck and Goat Cheese with Roasted Peppers. The restaurants also serve pasta, sandwiches, appetizers, soups, salads and desserts.

As of February 14, 2008 the company operates, licenses or franchises 236 locations, of which 197 are company-owned and 39 operate under franchise or license agreements. The Company also has a licensing agreement with Kraft Pizza Company which manufactures and distributes a line of California Pizza Kitchen premium frozen pizzas.

The average restaurant is about 6,000 square feet. CPK's hearth-baked pizzas are cooked rather quickly, 3-7 minutes, in approximately 500 degree heat. The average guest check is approximately $13.37.

In fiscal 2007, total revenues were $632.8 million and net income was $16.1 million. Average weekly sales per restaurant were $67,461.

The company plans to open 12-13 restaurants this year and six international locations.

Attorneys Rick Rosenfield and Larry Flax opened the first California Pizza Kitchen in Beverly Hills on March 27, 1985.

Benefits

Hourly employees enjoy immediate healthcare benefits, employee meals and CPK dining discounts, a 401(k) plan, an employee stock purchase program, paid vacations and more.

Managers receive quarterly performance bonuses based on 10% of their base salary, Assistant General Managers/Kitchen Managers on 20% of their salary and General Managers on 30%.

Updated February 14, 2008