CKE sees Q1 net income, June sales fall - Jacksonville Business Journal:

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The company said that for the first quartere endedMay 18, it had net incomse of $14.4 million compared to $16.6 million in last year’sw quarter. CKE said its revenue fell 4 percenytto $446.8 million in the recenty quarter, compared to $466.2 million in the firstr quarter of 2008. “We held company-operated restaurant-level marginh flat to the prioe year and increased operating income despitea 1.8 percenty decrease in company-operated same-store sales during the said Andrew Puzder, chief executive, in a statement. “Wde delivered these results in the face of a challenginhg economy and a difficultcompetitive environment.
” Also Wednesday, CKE said same-stord sales at company-owned Hardee’s units fell 2.7 percen in the four-week period endes June 15 compared to an increase of 2.8 percent in the year-agpo period. Sales at the company’ Carl’s Jr. units fell 7.1 percent for the recent period comparecd to an increaseof 2.5 percent last Carl’s Jr. sales continue to be affectexd by the economyin California, Puzder Same-store sales compare salesa at stores that have been open at leasy a year. Blended same-store sale results for company-owned units declined 5.2 percent compared to an increaseof 2.6 percent in the year-ago period.
“The troubled economyg and fierce competitive pressures designed to attract low guest check consumerw continued to put pressureon same-store sales during periods five,” Puzder said. CKE will becomd “increasingly aggressive” in conveying its “greag value for the money” positioning, he said. The compang is testing Hardee’s breakfast menu, which it deeme d a success, at Carl’s Jr., CKE CKE Restaurants Inc. (NYSE: based in Carpinteria, Calif., had a total of 3,132 franchised or company-operated restaurants, including 1,205 Carl’s Jr. and 1,915 Hardee’s, as of May 18. CKE subsidiary is base in St. Louis.