CARPINTERIA, Calif.----CKE Restaurants, Inc. is celebrating the opening of its 100th Carl’s Jr.® restaurant in Mexico. Located in Aguascalientes, Mexico, the newly-built 100th unit is operated by licensee Ricardo Cardenas.
NEW YORK (AP) - A UBS analyst upgraded his rating on shares of both McDonald's Corp. and Yum Brands Inc., the owner of the KFC, Pizza Hut and Taco Bell brands, on Monday, saying the two stocks are a good bet in a struggling economy.
CARPINTERIA, Calif. (AP) - CKE Restaurants Inc., which operates Carl's Jr. and Hardee's restaurants, reported on Wednesday that combined sales at established locations for the four weeks ended Nov. 3 rose 1 percent as business was hampered by deep discounting by rivals.
CKE Restaurants reports Q3 blended same store sales of 0.9%, and 2.1% year to date Andrew Puzder, president and CEO, said, "Despite a very challenging economic environment and continued deep
CKE Restaurants, Inc. (NYSE: CKR) announced today period 10 same-store sales for the four weeks ended Nov. 3, 2008, for Carl?s Jr.® and Hardee?s®as well as third quarter results for the twelve weeks
I touted a dozen so called "value" stocks that came across my radar screen last month that I characterized as "low hanging fruit" which should quickly be picked before someone else strips the tree, thus eliminating a grand opportunity. Unfortunately, I would have been far better off letting this fruit simply rot on the trees, as this group of equities got clobbered beyond reason.
What on earth happened? I have no clue, other than they got caught up in a wave of massive selling, as a avalanche of customer redemption requests forced mutual and hedge funds...
Will $180B do the trick? The world's central banks unveiled an initiative to flood global money markets with dollars, in the hopes of pumping liquidity into frozen short-term lending. The U.S. Fed increased its dollar swap line with foreign CBs by $180B - $60B of which will be funnelled to the ECB, $60B to the BoJ, $40B to the BoE and $10B to the Bank of Canada. In an expensive game of musical chairs, banks have become increasingly wary of lending one another - with each worrying it'll be...
CKE Restaurants (CKR) did it again, they blew away analyst expectations, despite the reality of a harsh economic environment. The burger chain reported dazzling second quarter earnings of .23 on revenues of $353 million, representing a 28% increase to second quarter, 2007 earnings of 18 cents.
Beating estimates handily: The Street was expecting earnings of .20 and revenues of $354 million, and although CKR's revenues were in line with estimates, the fast food purveyor was still able to beat on the bottom line by more than 15%.
CKE Restaurants (CKR) had been in a recent funk. Its shares had lost more than half their value, while a lackluster economy wasn't helping matters either. Then, CKR suddenly got its "mojo" back, as its shares vaulted nearly 40% in the past three months, thanks to a stellar first quarter earnings blowout. CKR delivered a staggering 35% increase in earnings from $0.23 to $0.31 despite a 6% drop in revenues, handily beating analysts' expectations of $0.27. The sales dip was attributable to a shift from company owned stores to franchised locations. Despite...
Since November 2007, our ChangeWave consumer surveys have tracked a continuing slowdown in U.S. restaurant spending. To find out if the outlook for restaurants is showing any signs of improvement, we surveyed Alliance members on their dining habits during the weeks of June 25-July 2 (n = 4,525) and July 7-14 (n = 1,276).
CKE Restaurants (CKR) reported earnings on Wednesday, Jun 25. Optically, it looked like the company performed well, meeting revenue estimates and exceeding EPS consensus (31c reported vs 27c consensus). However, a deeper look reveals this to be an illusion. Operating income was down YoY, and yet EPS was up 35%, which looks strange. The company attributed this to a lower share count from share buybacks. But still, this is not the full story…
First, the company recognized a lower tax rate than expected (36% rather than 41%), which contributed 3c of...
Bud prepares for brawl. Sources say Anheuser-Busch (BUD) is preparing itself to fight InBev's unsolicited $46.5B bid. Management will argue the bid undervalues the company, and will present shareholders with its strategic outlook, including selling some non-core assets such as its theme parks, and added cost savings of $500M over the next four years. InBev is likely to take its offer directly to shareholders.
Fed focused on inflation. The Fed left its target rate unchanged at 2%, as expected. It said economic activity continues to expand, but labor...
Bud prepares for brawl. Sources say Anheuser-Busch (BUD) is preparing itself to fight InBev's unsolicited $46.5B bid. Management will argue the bid undervalues the company, and will present shareholders with its strategic outlook, including selling some non-core assets such as its theme parks, and added cost savings of $500M over the next four years. InBev is likely to take its offer directly to shareholders.
Fed focused on inflation. The Fed left its target rate unchanged at 2%, as expected. It said economic activity continues to expand, but labor...
Andrew Puzder , president and CEO of CKE Restaurants , said : " For the past 17 years , CKE Restaurants has experienced enormous success in Mexico and we are pleased to announce this important ...
CKE Restaurants , Inc . has announced the opening of its 100th Carl's Jr . store in Mexico.Mexico is a flagship market for Carl's Jr . , which entered the country in 1991 with Junior Foods.QSR ...
Nov 19 , 2008 ( Datamonitor via COMTEX ) - - CKR | Quote | Chart | News | PowerRating - - US - based CKE Restaurants has announced the opening of its 100th Carl's Jr restaurant in Aguascalientes ...
CARPINTERIA , Calif . - November 18 , 2008 - CKE Restaurants , Inc . ( NYSE : CKR ) is celebrating the opening of its 100th Carl ' s Jr . ~® restaurant in Mexico.Located in Aguascalientes , ...
Carpinteria , Calif . , ( BUSINESS WIRE ) - - CKE Restaurants , Inc . ( NYSE : CKR ) is celebrating the opening of its 100th Carl's Jr . ( R ) restaurant in Mexico.Located in Aguascalientes , ...
PRESS RELEASE : CARPINTERIA , Calif . - - ( BUSINESS WIRE ) - - CKE Restaurants , Inc . ( NYSE : CKR ) is celebrating the opening of its 100th Carl's Jr . ( r ) restaurant in Mexico.Located in ...
[ 2008 - 11 - 18 ] CKE Restaurants , Inc . ( NYSE : CKR - News ) is celebrating the opening of its 100th Carl's Jr . restaurant in Mexico.Located in Aguascalientes , Mexico , the newly built ...
CKE Restaurants , Inc . ( NYSE : CKR ) is celebrating the opening of its 100 th Carl's Jr . ~® restaurant in Mexico.Located in Aguascalientes , Mexico , the newly - built 100 th unit is operated ...
The sales dip was attributable to a shift from company owned stores to franchised locations. Despite...
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