Analysts, industry experts weigh in on what caused the Carl’s Jr. and Hardee’s parent to postpone its initial public offering
Concerns on Wall Street over restaurant industry health, recently fueled by a sales miss from McDonald’s, may be to blame for CKE Restaurants' decision to postpone its initial public offering, according to various sources. The planned IPO that was set to begin trading on Friday was called off late Thursday “due to market conditions,” CKE said. The Carpinteria, Calif.-based company operates or franchises 3,263 restaurants under the Carl’s Jr. and Hardee’s brand ...
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