Advertisement
 

Other News

BRIEFLY

December 03, 1993|From Times Staff and Wire Reports

Carl's Jr. Parent Reports Slight Profit Gain: Carl Karcher Enterprises, struggling through corporate infighting between its founder and its board, reported slightly higher quarterly earnings but a decline in sales at its Carl's Jr. restaurants. Profit for the company's third fiscal quarter, which ended Nov. 1, was $1.5 million, or 8 cents a share, up from earnings of $1.3 million, or 7 cents a share, for the same period a year earlier. Revenue fell 5% to $106 million from $112 million. Same-store sales--business at outlets open more than a year--were off 7.4%. The company linked the revenue drop to "recessionary factors throughout California," where most of its 649 fast-food outlets are located.

Advertisement
Los Angeles Times Articles
|
|
|