Both Brands Record Highest Period Five Average Unit Volumes in Recent History
CKE Restaurants, Inc. (NYSE:CKR) announced period five same-store sales for the four weeks ended June 18, 2007, for Carl's Jr.(R) and Hardee's(R).
Brand Period 5 Year to Date
FY 2008 FY 2007 FY 2008 FY 2007
Carl's Jr. +2.8% +4.7% +0.5% +5.4%
Hardee's +2.6% +4.6% +2.0% +5.4%
Blended +2.7% +4.7% +1.3% +5.4%
"Carl's Jr. introduced the Teriyaki Burger(TM) on May 23, and began media support for the sandwich that evening on the season finale episodes of American Idol and Lost. The sandwich features an all-beef, charbroiled patty that is dressed with red onion, tomato, lettuce and mayonnaise, then topped with teriyaki sauce, melting Swiss cheese, and a juicy slice of DOLE(R) pineapple that has been grilled on the chain's signature charbroilers. In addition, Carl's Jr. debuted its latest flavor variety of its Hand-Scooped Ice Cream Shakes & Malts(TM) lineup -- Orangesicle(TM) -- on May 23. The combination of orange creme syrup with real vanilla ice cream and milk provides our guests a delicious way to cool down during the summer months," said Puzder.
"On a two-year cumulative basis, same-store sales at Carl's Jr. have increased approximately seven and a half percent. Average unit volumes for period five were higher than any comparable period five ever." Revenue for period five from company-operated Carl's Jr. restaurants (exclusive of franchise-related revenue and royalties) was approximately $46.4 million.
"At Hardee's, the Patty Melt Thickburger(TM) was promoted during the period. The chain's authentic take on this American classic features a 1/3-pound Angus beef patty topped with grilled onions and melted American cheese between two slices of real grilled rye bread. Media support for the product also began on May 23 during the American Idol and Lost season finales. In addition, the brand promoted the Breakfast Club Sandwich(TM) during the breakfast daypart," Puzder continued. "On a two-year cumulative basis, Hardee's same-store sales have increased more than seven percent. In addition, Hardee's period five average unit volume was higher than any comparable period five since 1994, which is as far back as we can check." Revenue for period five from company-operated Hardee's restaurants (exclusive of franchise- related revenue and royalties) was approximately $50.3 million.
For period five, consolidated revenue from company-operated restaurants (exclusive of all franchise-related revenue and royalties) was approximately as follows:
Carl's Jr. $46.4 million
Hardee's $50.3 million
Total $96.7 million