Rivals' discounts take bite out of CKE sales

CARPINTERIA Calif. CKE Restaurants Inc. finished its fiscal 2009 with nearly flat blended same-store sales in the fourth quarter, reflecting a decline at the Carl’s Jr. chain, and blamed colder weather in Southern California and discounting strategies of other quick-service brands.

CKE, which operates, franchises or licenses 1,185 Carl’s Jr. locations and 1,912 Hardee’s restaurants, said it would not change its focus on premium offerings even when losing “val

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