Carl Karcher Enterprises: First-quarter profit was $5.7...

Carl Karcher Enterprises: First-quarter profit was $5.7 million, down from $6.7 million from a year ago. The Anaheim-based owner and franchiser of Carl’s Jr. restaurants said income declined as a result of the company repurchasing and retiring nearly 25% of its outstanding shares in August, 1988. For the quarter ended May 22, revenues rose 21% to $148.9 million.