CKE Restaurants Inc. swung to a loss in its first quarter from a year-ago profit, as sales slid at the Carl’s Jr. and Hardee’s quick-service chains, operating and labor costs rose, and $20.9 million in costs surrounding its proposed acquisition were booked. A week before the company’s shareholders are scheduled to vote on a pending buyout offer from Apollo Management, CKE Restaurants reported a net loss of $3.1 million, or 6 cents per share, for the first quarter ended May ...

Register to view this article

It’s free but we need to know a little about you to continually improve our content.

Why Register?

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!

Already registered? here.