CARPINTERIA Calif. CKE Restaurants Inc. reported a nearly 15 percent increase in profit during the third quarter, as higher unit-level margins at corporate restaurants and lower costs helped to offset declining sales. CKE, which operates and franchises the Carl’s Jr. and Hardee’s brands, said high unemployment — both in California where the majority of the Carl’s Jr. chain operates and among both brands’ target audience of young men — continued to hurt sales.For the quarter ended Nov. 1, ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!