CKE records 13-percent drop in 3Q profit

CARPINTERIA Calif. Carl’s Jr. and Hardee’s parent CKE Restaurants Inc. said Wednesday that reduced revenue from refranchising efforts and higher interest expenses pushed third-quarter profit down 13 percent, even as both brands posted positive same-store sales.

For the quarter ended Nov. 3, CKE’s net income totaled $5.4 million, or 10 cents per share, compared with $6.2 million, or 11 cents per share, a year ago.

Revenue for the latest quarter fell 4.3 perce

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