CKE Restaurants, Inc. Reports Period Thirteen Same-Store Sales

2010-02-03
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  • CKE Restaurants CKE Restaurants, Inc. (NYSE: CKR) announced today period thirteen company-operated same-store sales for the period ended January 25, 2010, for Carl's Jr.(R) and Hardee's(R).




    'Same-store sales remained weak in the final period of our fiscal 2010 with no real improvement in the overall economy or the unemployment rates in the markets we serve and with the deep-discount burger wars continuing during the traditionally slow winter months,' said Andrew F. Puzder, chief executive officer. 'Both brands' sales results were also significantly impacted by worse weather this year than in the prior year. Carl's Jr., experienced severe rain in its core West Coast markets for most of the final week of the period and Hardee's experienced severe winter weather in several of its core mid-west and southeast markets. Regardless of when the overall economy turns around, we remain steadfastly focused on protecting our brand image for the long run while trying to grow same-store sales in the short run. Given the state of the economy, I'm proud of our profitability and we will continue to focus on the excellent value-for-the money of our premium products and new initiatives to improve same-store sales and increase market share.

    'For example, last week at Carl's Jr. we introduced the ultimate comfort food, Grilled Cheese Bacon Burgers(TM). With four slices of melted American and Swiss cheese on grilled sourdough bread combined with a bacon cheese burger, you won't leave hungry.

    'Also. starting last week, Hardee's customers could get their fill at Breakfast with a Double Sausage Egg 'N' Cheese Biscuit and at Lunch/Dinner with their choice of a Jalapeno Chicken Sandwich or Thickburger.

    'We've also been working to quickly expand our franchise presence and we recently signed deals in Texas for 31 new Carl's Jr. restaurants. There are currently 34 Carl's Jr. restaurants open in Texas with an additional 352 units planned over the coming decade.'

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