CKE to Cut 150 Jobs at Hardee’s Headquarters

CKE Restaurants Inc. said it will cut 150 jobs at the headquarters of its Hardee’s fast-food chain, and warned that the unit’s slow turnaround will lead to lower-than-expected profit in its fiscal third quarter. The fourth-largest U.S. hamburger chain will cut the jobs at Hardee’s Rocky Mount, N.C., offices as it consolidates those operations at CKE’s headquarters in Anaheim. The company, whose chains include Carl’s Jr., also said it expects earnings of 5 cents to 8 cents a share in the period ended last month. It was forecast to have profit from operations of 17 cents. It is the fifth straight quarter in which CKE has warned of lower-than-expected earnings. Its shares have fallen 76% this year as sales at the Carl’s Jr. and Hardee’s chains slowed. Shares rose 19 cents to close at $7.19 on the NYSE.