Short And Sweet: Don't Be Surprised

Published: May 10, 2007, 8:21 am

Tags: investments, dri, earnings, restaurants, cpki, estimates stocks

Here is a chart of the performance of Darden Restaurants vs. California Pizza Kitchen (CPKI) over the last three months.Darden owned Olive Garden, saw same unit sales rise 3 to 4 percent higher in March after posting positive comps in consecutive quarters. California Pizza Kitchen reports later today. Their preliminary report had comps climbing higher for the same period. There has not been any downturn in stock price over the last few days. However, there has been some weakness throughout the sector. California Pizza Kitchen might be able to meet the estimates for the first quarter (.18/share on $149.87 million in revenue), but with uncertainty throughout the sector; don't be surprised if they fall short.(Chart courtesy of Yahoo.com)Update: 05/11/07 CPKI reported .18/share on 149.4 million. Profit dropped 22% as labor and food costs rose.

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