CKE swings to 1Q net loss

CKE Restaurants Inc. swung to a loss in its first quarter from a year-ago profit, as sales slid at the Carl’s Jr. and Hardee’s quick-service chains, operating and labor costs rose, and $20.9 million in costs surrounding its proposed acquisition were booked.

A week before the company’s shareholders are scheduled to vote on a pending buyout offer from Apollo Management, CKE Restaurants reported a net loss of $3.1 million, or 6 cents per share, for the first quarter ende

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