October 18, 1994 |
The late Donald F. Karcher will be honored by Cal State Fullerton on Oct. 28 during half-time of a high school football game at the university's Titan Stadium. The 7 p.m. game features Servite and Saddleback high schools. Karcher, a long-time Carl's Jr. executive and brother of chain founder Carl N. Karcher, died of cancer in 1992. Karcher was posthumously awarded an honorary doctorate by the Cal State system in late 1992. And, on Oct.
May 2, 1989 |
When Carl N. Karcher, founder of the Carl's Jr. hamburger chain, was accused of illegally tipping his relatives to bad financial news about his company, he was outraged. Karcher vowed to "set the record straight" at trial. Now, with the trial scheduled to start this morning in Los Angeles, he would just as soon settle. "Carl's prepared to accept a settlement that makes economic and rational sense," his attorney, Wes Howell, said in an interview Monday. "He believes he did nothing wrong.
April 13, 1990 |
Carl Karcher Enterprises Inc. said Thursday that it lost $8.9 million in the fourth quarter largely due to the establishment of a reserve to pay for the restructuring of its struggling Arizona operations. The company set aside $14.5 million in the three-month period ended Jan. 29 for the restructuring, which could involve the sale, closing or franchising of its 40 Carl's Jr. outlets in Arizona.
May 20, 1992 |
Donald F. Karcher, who went from washing dishes in his brother Carl's barbecue joint to become president of the Carl's Jr. international fast-food chain, died Tuesday after a yearlong bout with lung cancer. He was 64. Karcher was one of the most respected voices within the restaurant industry as president of Carl Karcher Enterprises in Anaheim, though he spent most of his working life in the publicity shadow of his older brother, the company chairman.
June 9, 1989 |
Executives with Carl Karcher Enterprises painted a rosy picture for shareholders at the annual meeting Thursday, despite reporting a first-quarter, 14.9% drop in net income to $5.7 million from $6.7 million a year earlier. For one thing, the Anaheim-based fast-food chain said, operating earnings--income before taxes and excluding interest expenses and investment income--reached a record high of $11.5 million for the fiscal 1990 first quarter, which ended March 22. Despite the decline in net earnings, revenue for the period totaled $148.
January 8, 1987 |
In a bid to improve its sagging bottom line, Carl Karcher Enterprises Inc. said Wednesday that it will close 27 restaurants in Texas and Arizona, apparently ending its national expansion plans as part of a "back-to-basics" turnaround strategy. Karcher will, however, retain 26 Arizona restaurants and plans to build 20 new Carl's Jr. units in the next year in its "core area" of California and Arizona, company officials said.