CKE 3Q profit up, sales down

CARPINTERIA Calif. CKE Restaurants Inc. reported a nearly 15 percent increase in profit during the third quarter, as higher unit-level margins at corporate restaurants and lower costs helped to offset declining sales.

CKE, which operates and franchises the Carl’s Jr. and Hardee’s brands, said high unemployment — both in California where the majority of the Carl’s Jr. chain operates and among both brands’ target audience of young men — continued to hurt sales.

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