CKE Restaurants Inc., parent to the Carl’s Jr. and Hardee’s restaurant chains, which together total 3,159 restaurants, swung to a 2010 net loss on going-private transaction costs, larger interest expenses and reduced revenue from the sale of Carl’s Jr. distribution center. For the year ended Jan. 31, CKE booked a net loss of $36.3 million, compared with a profit of $48.2 million a year earlier. The company recorded more than $30 million in transaction-related costs from its ...
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Contact: Desiree Torres Desiree.Torres@penton.com