Restaurant operator CKE Restaurants (NYSE: CKR) reported first-quarter earnings of 26 cents per share after the closing bell yesterday. While the results were five cents shy of last year's results, they topped the consensus estimate by a penny per share. Quarterly revenue totaled $446.8 million, far better than the Street's estimate calling for $343.1 million. The company also announced that same-store sales dropped 5.2% during the latest four-week period. At the company's Carl's Jr. restaurants, sales dropped 7.1%, while Hardee's saw a drop of 2.7%.
Even though I work from home, I often eat at my desk; and I'd say I gobbled down breakfast, lunch and dinner at my desk many a day while working in previous jobs as an investment banker and a dotcom wonk. And while I've heard many critics of long lunches I've never, not once, heard a criticism of the keyboard-accessorized lunchtime.
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