CKE Restaurants franchise reports positive period six blended same-store sales.
CKE Restaurants, Inc. announced today period six same-store sales for the four weeks ended July 17, 2006, for Carl’s Jr.(R) and Hardee’s. Both brands record highest period six average unit volumes in recent history.
Commenting on the Company‘s performance, Andrew F. Puzder, president and chief executive officer, said, “We are pleased to report our eighth consecutive period of positive same-store sales for both Carl’s Jr. and Hardee’s. These gains were achieved without the introduction of a new lunch/dinner item at either brand, and despite the prolonged impact higher gasoline prices are having on consumers’ discretionary spending, which has resulted in increased discounting activity in the industry.”
“We believe these latter issues are likely to remain in effect through at least the rest of the summer months and, while they may have a dampening impact on our future same-store sales results, we believe both brands are well positioned to continue to generate positive results in spite of the macroeconomic and competitive pressures we may face.”
“Carl’s Jr. continued to promote its ‘bigger, better’ Bacon Swiss Crispy Chicken Sandwich(TM) during the period, as well as the Green Burrito(R) Taco Salad,” said Puzder. “At breakfast, Carl’s Jr. featured its Steak & Egg Burrito(TM) made with real steak and fresh salsa. On a two-year cumulative basis, same-store sales at Carl’s Jr. have increased more than four and a half percent. Average unit volumes for period six were higher than any comparable period six ever.”
Revenue for period six from company-operated Carl’s Jr. restaurants (exclusive of franchise-related revenue and royalties) was approximately $46.1 million.
“During period six, Hardee’s continued to promote its unique ‘meat-on-meat’ Philly Cheesesteak Thickburger(TM), and also featured its Hillshire Farm(R) Smoked Sausage Biscuit during the breakfast daypart. Hardee’s introduced the newest flavour of its Hand-Scooped Ice Cream Shakes & Malts(TM) on the final day of the period featuring M&M’s(R) Milk Chocolate Candies,” Puzder continued.
“Hardee’s same-store sales have increased by more than three percent for the period on a two-year cumulative basis. In addition, Hardee’s period six average unit volume was higher than any comparable period six since 1997.” Revenue for period six from company-operated Hardee’s restaurants (exclusive of franchise-related revenue and royalties) was approximately $50.4 million.
Same-store sales results for period seven of fiscal year 2007, ending Aug. 14, 2006, will be reported on or about Aug. 23, 2006. As of its first fiscal quarter ended May 22, 2006, CKE Restaurants, Inc., through its subsidiaries, had a total of 3,141 franchised or company-owned restaurants in 43 states and in 13 countries, including 1,062 Carl’s Jr. restaurants, 1,963 Hardee’s restaurants and 100 La Salsa Fresh Mexican Grill restaurants.