Article: CKE RESTAURANTS REPORTS STRONGEST FIRST QUARTER EARNINGS IN FOUR YEARS

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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