Friday, March 30, 2007

UPDATE 1-CKE Restaurants quarterly earnings fall; revenue up

(Reuters) - The parent company of the Hardee's and Carl's Jr. restaurant chains, said fourth-quarter net income was $10.3 million, or 15 cents a share. Last year the company had net income of $140.9 million, or $1.95 a share, as restated.

Same-store sales, a key retail measure that tracks sales at restaurants open at least 13 months, rose 2.8 percent at company-operated Carl's Jr. and 4.8 percent Hardee's restaurants.


Read more at Reuters.com Market News

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