Financial News--CKE Restaurants, McDonald's, Panera Bread, Papa John's, Perkins, Tricon <b></b>

Oct 1, 2001

Anaheim, California-CKE Restaurants Inc., operator ofCarl's Jr. and Hardee's, said that it has lost money forthe seventh consecutive quarter. The company lost $36.8 million forthe three months ended Aug. 13, up from a loss of $13.9 million inthe same period a year ago. The bigger loss stemmed mostly fromone-time charges from closing and selling restaurants.-Los Angeles Times

Oak Brook, Illinois-McDonald's said it expectsthird-quarter earnings to exceed Wall Street estimates. The companyexpects earnings per share of 41 to 42 cents in the third quarter,compared with the 40 cents per share estimated by analysts.-Reuters

St. Louis-Panera Bread Co. said systemwide same-storesales rose 3.3 percent in the four weeks ended August 11 vs. thecomparable period a year ago. -Nation's RestaurantNews

Louisville, Kentucky-Papa John's International Inc.said sales rose 0.5 percent at restaurants open at least one yearsystemwide in August. The company expects third-quarter earningsper share to be near the middle of a previously announced range of42 to 49 cents. -Reuters

Memphis-The Restaurant Co., franchisor of the 494-unitPerkins Restaurant and Bakery chain, reported a 42-percent drop inprofits, to $709,000, from $1.21 million in the year-ago period.-Nation's Restaurant News

Louisville, Kentucky-Tricon Global Restaurants Inc.,franchisor of KFC, Pizza Hut and Taco Bell, said that sales wereflat compared with a year ago in stores opened at least one year inthe four weeks ending September 8. Same-store sales increased 2percent at KFC and 1 percent at Pizza Hut, and declined 4 percentat Taco Bell, the company said. -Reuters

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Most Popular

See all

Side Hustle

They Started a Side Hustle Producing an 'Obvious' Food Item. It Hit $300,000 Monthly Revenue Fast — On Track for Over $20 Million in 2025.

When Jason Rosenbaum and Hailey Swartz couldn't find the product they wanted to see on grocery store shelves, they took matters into their own hands.

By Amanda Breen

Franchise

4 Reasons Why Local Entrepreneurship Is the Secret Weapon of Great Franchises

Community-driven leaders not only strengthen customer relationships but also innovate and elevate the brand, proving that the best franchises are built on the foundation of trust, collaboration and local intuition.

By Jeff Helfgott

Growing a Business

How The NBPA and a Top African University Are Investing in Africa's Future — One Startup at a Time

One Court Africa hosted NBA players at UM6P in Marrakech for a four-day program focused on social entrepreneurship and sustainable business, which included mentoring six African startups and awarding $160K in grants through its Innovation Challenge.

By Leo Zevin