CKE Restaurants®, Inc. Reports Period Five Same-Store Sales
CKE Restaurants, Inc. (NYSE: CKR) announced today period five company-operated same-store sales for the period ended June 14, 2010, for Carl’s Jr.® and Hardee’s®.
CKE Restaurants, Inc. (NYSE: CKR) announced today period five company-operated same-store sales for the period ended June 14, 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 5 | Year to Date | ||||||||||
| FY 2011 | FY 2010 | FY 2011 | FY 2010 | |||||||||
| Carl’s Jr. | -5.3 | % | -7.1 | % | -5.9 | % | -5.5 | % | ||||
| Hardee’s | +4.1 | % | -2.7 | % | -0.1 | % | +1.4 | % | ||||
| Blended | -1.1 | % | -5.2 | % | -3.4 | % | -2.5 | % | ||||
“Hardee’s same-store sales grew nicely and delivered the fourth straight period of positive results fueled by the introduction of Hand-Breaded Chicken Tenders into much of the system, the continuing strong sales of the Grilled Cheese Bacon Thickburger and strong sales at breakfast. 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,” 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 Five Revenue Trends
For period five, consolidated revenue from company-operated restaurants (exclusive of all franchise-related revenue and royalties) was approximately as follows:
| Brand | Period 5 | Year to Date | ||||||||||
| ($ in millions) | FY 2011 | FY 2010 | FY 2011 | FY 2010 | ||||||||
| Carl’s Jr. | $ | 45.1 | $ | 47.2 | $ | 227.4 | $ | 239.3 | ||||
| Hardee’s | $ | 39.4 | $ | 38.0 | $ | 188.0 | $ | 189.0 | ||||
| Total | $ | 84.5 | $ | 85.2 | $ | 415.4 | $ | 428.3 | ||||
For period five, trailing-13 period average unit volume from company-operated restaurants was as follows:
| Brand | Period 5 | |||||
| ($ in thousands) | FY 2011 | FY 2010 | ||||
| Carl’s Jr. | $ | 1,407 | $ | 1,499 | ||
| Hardee’s | $ | 1,005 | $ | 1,008 | ||
| Blended | $ | 1,194 | $ | 1,234 | ||
