CARPINTERIA Calif. Carl’s Jr. and Hardee’s brand parent CKE Restaurants Inc. cited higher packaging, food and occupancy expenses as drivers behind its 33.7-percent drop in net profit for the second quarter ended Aug. 13. The increasing rents and higher costs for beef, cheese and pork, among other commodities, led to a 2.8-percent increase in total operating costs, the company reported.Net income fell to $9.4 million, or 15 cents per share, from a year-earlier second-quarter profit of ...
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!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com