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May 29, 2008

Hardee

Filed under: technology — Tags: , , — ManInBlack @ 12:55 pm

CKE Restaurants Inc., parent company of St. Louis-based Hardee's Food Systems Inc., posted positive same-store sales for the fourth period and the first quarter of fiscal 2009, although same-store sales at its Hardee's units declined.

CKE reported Wednesday that Hardee's same-store sales decreased 1 percent for the four-week period ended May 19, referred to as period four by the company. That compares to a 0.6 percent increase in sales during the same period in fiscal 2008. Hardee's first-quarter same-store sales for the 16-week period ended May 19 were down 0.6 percent, compared to an increase of 1.8 percent in the first quarter of fiscal 2008.

Same-store sales are a key measure of retail health that highlight the comparative performance of stores open at least one year.

Same-store sales at CKE's Carl's Jr. restaurants were up 4.2 percent during period four, compared to a decrease of 0.9 percent in the same period the prior year. In the recent quarter, Carl's Jr. saw its same-store sales climb 3.9 percent, compared to flat sales in the first quarter of fiscal 2008 free credit report online.

Blended same-store sales for Hardee's and Carl's Jr. restaurants were up 1.8 percent in both period four and the first quarter of fiscal 2009. CKE's blended same-store sales fell 0.1 percent in last year's period four and rose 0.9 percent for the prior year's first quarter.

For the 16-week first quarter of fiscal 2009, revenue from company-operated Hardee's restaurants was about $162.9 million, and revenue at company-operated Carl's Jr. locations was about $195.3 million in the same period. Both figures exclude franchise-related revenue and royalties.

St. Louis-based Hardee's Food Systems Inc. operates 1,926 restaurants. It is a division of Carpinteria, Calif.-based CKE Restaurants Inc. (NYSE: CKR), which also operates Carl's Jr. restaurants.


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