Business Briefs: CKE Restaurants, Amp’d Mobile, Kilroy Realty, Sage Capital

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& #8226; CKE Restaurants Inc.

reported third-quarter net income of $15.8 million (23 cents per share) for the 12 weeks ended Nov. 7, compared with $13.1 million (20 cents) for the like period a year earlier. Revenue for the Carpinteria-based operator of Carl’s Jr. and Hardee’s restaurants fell 1.4 percent to $344.1 million.


CKE also said that sales at its Carl’s Jr. and Hardee’s restaurants open at least a year edged up 0.6 percent for the four weeks ended Dec. 5 over the year-earlier period. Carl’s Jr. same-store sales rose 5.4 percent, while Hardee’s fell 3.9 percent. The company reported consolidated revenues of $93 million, up slightly from $91.2 million a year prior.



& #8226; CBS Television

and

UPN

struck a deal with

Amp’d Mobile

to offer entertainment content to Amp’d members’ broadband wireless phones. CBS, which manages UPN, will make available behind-the-scenes footage, interviews, previews and other footage from prime-time and late-night shows, such as “CSI: NY” and “The King of Queens” as well as content from UPN’s “America’s Next Top Model” and “Everybody Hates Chris.” CBS and UPN content will be available late December on L.A.-based Amp’d Mobile’s service.


CBS reached a similar agreement with Verizon Wireless less than a week ago.



& #8226; Kilroy Realty Corp.

has made plans to purchase a 25 acre land parcel in Carlsbad for an undisclosed sum. Following the closing of the transaction, which is expected to occur in the second half of 2006, the company will develop between 250,000 square feet and 350,000 square feet of office space on the site for a total investment of approximately $75 million to $90 million.


The planned acquisition continues L.A.-based Kilroy’s growth in San Diego, which includes the potential to build approximately 2 million square feet of office space and nearly 644,000 square feet of leased office space the company currently has under construction or committed.



& #8226; Sage Capital Partners

acquired a controlling interest in Cheyenne, Wyo.-based Corral West Ranchwear, a retailer of western-inspired apparel and footwear. The Los Angeles-based private equity firm did not disclose the purchase price, saying only it had bought more than 60 percent of the company. Corral West, which operates 95 Western clothing stores and employs 1,000 people, had revenues near $100 million last year. Sage Capital said it hopes to expand Corral West’s recently launched new store concept, Work Wear Depot.

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