CKE Restaurants®, Inc. Reports Period Three Same-Store Sales
The period three same-store sales trend at Hardee’s again showed growth for the period on top of relatively strong performance in the prior year. This was fueled by the continuing strong sales of the Grilled Cheese Bacon Thickburger and two new Made From Scratch™ biscuit items.
CKE Restaurants, Inc. (NYSE: CKR) announced today period three company-operated same-store sales for the period ended April 19, 2010, for Carl’s Jr.® and Hardee’s®.
“We continue to focus on the excellent value-for-the money of our premium products and combo meals, and have several new initiatives in the works to improve same-store sales and increase market share.”
| Brand | Period 3 | Year to Date | |||||||||||||
| FY 2011 | FY 2010 | FY 2011 | FY 2010 | ||||||||||||
| Carl’s Jr. | -8.7 | % | -3.6 | % | -6.4 | % | -4.8 | % | |||||||
| Hardee’s | +0.3 | % | +3.6 | % | -1.8 | % | +3.3 | % | |||||||
| Blended | -4.8 | % | -0.5 | % | -4.4 | % | -1.3 | % | |||||||
“The period three same-store sales trend at Hardee’s again showed growth for the period on top of relatively strong performance in the prior year. This was fueled by the continuing strong sales of the Grilled Cheese Bacon Thickburger and two new Made From Scratch™ biscuit items. However, Carl’s Jr. same-store sales continued to be negatively impacted by the poor economic conditions and high unemployment rates in our core California market, which continued to climb during the month of March,” said Andrew F. Puzder, chief executive officer. “We continue to focus on the excellent value-for-the money of our premium products and combo meals, and have several new initiatives in the works to improve same-store sales and increase market share.”
Period Three Revenue Trends
For period three, consolidated revenue from company-operated restaurants (exclusive of all franchise-related revenue and royalties) was approximately as follows:
| Brand | Period 3 | Year to Date | |||||||||||||
| ($ in millions) | FY 2011 | FY 2010 | FY 2011 | FY 2010 | |||||||||||
| Carl’s Jr. | $ | 45.5 | $ | 49.3 | $ | 137.4 | $ | 145.3 | |||||||
| Hardee’s | $ | 38.1 | $ | 38.3 | $ | 110.5 | $ | 112.9 | |||||||
| Total | $ | 83.6 | $ | 87.6 | $ | 247.9 | $ | 258.2 | |||||||
For period three, trailing-13 period average unit volume from company-operated restaurants was as follows:
| Brand | Period 3 | ||||||
| ($ in thousands) | FY 2011 | FY 2010 | |||||
| Carl’s Jr. | $ | 1,417 | $ | 1,514 | |||
| Hardee’s | $ | 1,000 | $ | 1,009 | |||
| Blended | $ | 1,196 | $ | 1,240 | |||
Logos, product and company names mentioned are the property of their respective owners.
- CKE Restaurants Files Brief in Support of Lawsuit Fighting Inflated Credit and Debit Card Swipe Fees
- CKE Restaurants Announces Hardee's Expansion Plans Across Orlando, FL
- CKE Restaurants Announces Hardee's Expansion Plans Across Tampa, FL
- CKE Restaurants, Inc. Reports Fourth Quarter and Full Fiscal Year 2012 Results
- CKE Restaurants' CEO to Testify on Menu Labeling and Regulatory Reform on Capitol Hill
- AFC First Quarter 2012 Net Income Up 21%
- Cosi, Inc. Reports 2012 First Quarter Results
- Krispy Kreme Reports Financial Results for the First Quarter of Fiscal 2013
- Cracker Barrel Reports Results for Third Quarter Fiscal 2012 and Increases Full-Year Earnings Guidance
- Country Style Cooking Restaurant Chain Reports First Quarter 2012 Financial Results
