Financial News--CKE Restaurants, McDonald's, Panera Bread, Papa John's, Perkins, Tricon
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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
