CKE Sees Quarter Profit Nearly Triple
ANAHEIM — CKE Restaurants Inc., the Anaheim parent company of Carl Karcher Enterprises Inc., said that profit for the first fiscal quarter nearly tripled, to $1.9 million, or 11 cents a share, from $656,000, or 4 cents a share, for the corresponding quarter last year. Revenue for the quarter ended May 22 rose 2% to $137.6 million from $135 million.
Chairman William P. Foley II attributed the good performance, in large part, to “the improved performance of our Carl’s Jr. restaurants.” The company also attributed the earnings gain to results from Boston Pacific, the operator of Boston Market stores. Those results will no longer be consolidated with CKE Restaurants’ results because of the recent formation of Boston West, L.L.C.
Carl Karcher Enterprises Inc. operates about 660 Carl’s Jr. restaurants, primarily in California, Nevada, Oregon, Arizona and Mexico.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
