Higher expenses force 33.7% 2nd-Q profit plunge at CKE

CARPINTERIA Calif. Carl’s Jr. and Hardee’s brand parent CKE Restaurants Inc. cited higher packaging, food and occupancy expenses as drivers behind its 33.7-percent drop in net profit for the second quarter ended Aug. 13.

The increasing rents and higher costs for beef, cheese and pork, among other commodities, led to a 2.8-percent increase in total operating costs, the company reported.

Net income fell to $9.4 million, or 15 cents per share, from a y

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