December 12, 1992 |
Carl Karcher Enterprises Inc., which runs the Carl's Jr. fast-food chain, said Friday that the recession contributed to the drop in profit for the third quarter. It reported earnings of $1.3 million, or 7 cents a share, down from $1.9 million, or 11 cents a share, for the same period last year. Revenue also dropped. The chain took in $112.8 million during its third quarter, which ended Nov. 2. A year earlier, third-quarter revenue was $123.6 million.
April 16, 1993 |
Citing the unappetizing economy, Carl Karcher Enterprises Inc. said Thursday that it lost $5.5 million, or 31 cents a share, for its fiscal year ended Jan. 25. For the previous year, the company showed a profit of $13 million, or 72 cents a share. The parent of the Carl's Jr. fast-food chain rang up $502.6 million worth in sales during the latest year, a 7% drop in revenue from the previous year's $540.4 million. For the fourth quarter, Karcher saw a loss of $13.
March 8, 1994 |
William P. Foley II, who led an investor group late last year that acquired a controlling interest in Carl Karcher Enterprises, has been elected chairman of the Carl's Jr. fast food chain, replacing interim chairman Elizabeth A. Sanders. The fast food company also is seeking shareholder approval for a corporate restructuring that includes the creation of CKE Restaurants Inc., a new Delaware- based holding company that would oversee Karcher Enterprises' restaurant businesses.
March 22, 1994 |
Carl Karcher Enterprises Inc. said Monday that it has emerged from an expensive corporate restructuring and long-running battle with the company's founder to post an annual profit for the first time in two years. "The past fiscal year was one of extraordinary accomplishment in a very challenging environment," Donald E. Doyle, Karcher Enterprises chief executive, said in a prepared statement.
December 7, 1987
ADDRESS: 1200 N. Harbor Blvd., Anaheim BUSINESS: Operator of fast-food restaurants in California, Arizona and Nevada. ASSETS: $268.7 million (at Aug. 10). NUMBER OF EMPLOYEES: 11,900. TOP EXECUTIVES Name Position Carl N. Karcher Chairman, chief executive officer Donald F. Karcher President, chief operating officer Loren C. Pannier Group vice president, finance and administration Raymond J. Perry Vice president, operations Robert W. Wisely Vice president, marketing cash Name Compensation Carl N.
November 17, 1990 |
In an effort to fuel expansion, Carl Karcher Enterprises Inc. said Friday that it plans to sell 57 company-owned Carl's Jr. restaurants in Northern California to franchisees over the next two years. Analysts said franchising will allow Carl's to expand faster in Northern California because franchisees will pay for new construction. But the plan depends on Carl's ability to arrange financing for its franchisees, according to a restaurant consultant.