CKE’s net drops 52.5%

CARPINTERIA Calif. CKE Restaurants Inc., owner of the Carl’s Jr. and Hardee’s quick-service brands, cited higher commodity, labor and interest expenses in reporting a 52.5-percent drop in third-quarter net income.

For the 12 weeks ended Nov. 5, the operator or franchisor of 3,052 restaurants earned $6.2 million, or 11 cents per share, compared with earnings of $9.5 million, or 14 cents per share, in the year-ago third quarter.

The company recorded a

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