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Article: CKE RESTAURANTS REPORTS STRONGEST FIRST QUARTER EARNINGS IN FOUR YEARS
- Article from:
- PR Newswire
- Article date:
- June 16, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ANAHEIM, Calif., June 16 /PRNewswire/ -- CKE Restaurants Inc. (NYSE: CKR) today reported a dramatic improvement in earnings for the first fiscal quarter ended May 22, 1995, on slightly higher revenues -- the highest first quarter earnings since the quarter ending May 20, 1991.
Net income for the most recent 16-week period almost tripled to $1.9 million, or $.11 per share, from $656,000, or $.04 per share, for last year's first quarter. Revenues grew to $137.6 million, up from $135.0 million a year ago.
William P. Foley II, CKE's chairman and chief executive officer, said the positive first quarter earnings performance primarily reflected greater operating ...
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