Spike in costs lowers CKE's 1-Q profits

CARPINTERIA Calif. CKE Restaurants Inc., parent of the Carl’s Jr. and Hardee’s quick-service brands, said increased expenses led to a 5.1-percent drop in its fiscal 2008 first quarter profit, even as revenue rose 1.6 percent to $481.8 million.

For the quarter ended May 21, CKE’s net income fell to $15.4 million from $16.2 million in the year-ago quarter. Per-share earnings in the latest quarter remained unchanged from a year ago at 23 cents, mainly because CKE

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