* Q4 EPS $0.24 vs est $0.25
* Revenue $187.6 mln vs est $185.9 mln
* Cuts FY 2010 EPS view to $2.68-$2.78
* Sees Q1 comp sales slightly negative to up 1 pct
* Expects pressure on labor and food lines in 2010
(Adds conference call details, updates share movement)
BANGALORE, Feb 25 CEC Entertainment Inc
CEC.N, which owns the Chuck E Cheese's restaurant chain,
reported a quarterly profit that missed Wall Street estimates
by a penny, hurt by higher costs, and cut its fiscal 2010
The company, which competes with larger rivals Domino's
Pizza Inc (DPZ.N) and Yum Brands Inc's (YUM.N) Pizza Hut, now
sees earnings of $2.68 to $2.78 a share for fiscal 2010, down
from its prior view of $2.70 to $2.80 a share.
Analysts on average were expecting earnings of $2.82 a
share, before items, according to Thomson Reuters I/B/E/S.
The company said it expects "slight pressure" on the food
and labor cost lines for 2010, due to the volatility in cheese
prices and anticipated increase in minimum wage and
The company expects same-store sales to be slightly
negative to up 1 percent for the first quarter, due to
difficult comparisons in the final period of the quarter.
"In light of the external environment, we continue to
remain cautious in our near-term outlook for the business,"
chief financial officer Christopher Morris said on the call.
The company expects same-store sales to rise 1 percent to 2
percent for 2010.
For the fourth quarter, the Irving, Texas-based company
earned $5.4 million, or 24 cents a share, compared with $2.4
million, or 10 cents a share, a year earlier.
Revenue rose 7 percent to $187.6 million.
Analysts were expecting earnings of 25 cents a share on
revenue of $185.9 million for the fourth quarter.
Total operating costs rose 6 percent to $176.2 million.
Shares of CEC closed at $35.16 Thursday on the New York
(Reporting by Renju Jose in Bangalore; Editing by Ratul Ray