CKE reports 3Q net loss despite positive sales

CKE reports 3Q net loss despite positive sales

CKE Restaurants Inc. swung to a loss in the third quarter despite upward sales trends for both its Carl’s Jr. and Hardee’s quick-service brands, the company said Tuesday.

For the quarter ended Nov. 7, blended same-store sales at company-owned stores for the two brands increased 1.9 percent, reflecting an increase of 2 percent for Carl’s Jr. and 1.8 percent for Hardee’s.

It was the third consecutive quarter of positive same-store sales for Carl’s Jr.

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