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Free Hospitality Publications
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Restaurant Industry News
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Thursday May 1st, 2008 |
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CKE Restaurants, Inc. Reports Positive Period Three Blended Same-Store Sales
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CKE Restaurants, Inc. (NYSE:CKR) announced today period three same-store sales for the four weeks ended Apr. 21, 2008, for Carl's Jr.(R) and Hardee's(R). |
Brand Period 3 Year to Date
FY 2009 FY 2008 FY 2009 FY 2008
Carl's Jr. +3.8 % +2.2 % +3.8 % +0.2 %
Hardee's -0.8 % +2.4 % -0.4 % +2.3 %
Blended +1.7 % +2.3 % +1.8 % +1.3 %
Commenting on the Company's performance, Andrew F. Puzder, president and chief executive officer, said, "We are pleased to report positive blended same-store sales of 1.7 percent for the third period of fiscal 2009 and 1.8 percent for the year to date. On a two year basis, blended same-store sales were up 4.0 percent for the third period."
"Carl's Jr. achieved a 3.8 percent same store sales increase over positive same store sales of 2.2 percent last year for a two year cumulative increase of 6.0 percent. Carl's Jr. continued to feature Chili Cheese Burgers and Chili Cheese Fries during the period. Our customers can order the burger with a single or double charbroiled beef patties, or our 100 percent Black Angus Six Dollar Burger(TM) patty. The burgers are topped with beef chili, American cheese, tomatoes, onions, pickles and mustard. Our Chili Cheese Fries are covered with the same beef chili, then topped with melted jack and cheddar cheese and served with a fork. The fries are available as a side item or can be added to any combo for an additional charge. The products received media support during the period through a series of 'messy, drippy' commercials," said Puzder. "In addition, Carl's Jr. promoted the unique Cap'n Crunch(R) shake during the period. As of the end of period three, the trailing 13-period average unit volume at Carl's Jr. was $1,509,000, a $15,000 per unit increase since the end of fiscal 2008 and an all-time high for the brand." Revenue for period three from company-operated Carl's Jr. restaurants (exclusive of franchise-related revenue and royalties) was approximately $49.3 million.
"Hardee's same-store sales were down 0.8 percent versus positive same- store sales of 2.4 percent last year for a two year cumulative increase of 1.6 percent. Hardee's promoted the Jalapeno Thickburger(TM) during period three. We charbroil our 1/3-pound, 100 percent Black Angus beef patty and top it with sliced jalapeno peppers, Pepperjack cheese, lettuce, tomato and our zesty Santa Fe sauce. Hardee's also added the Chicken Fillet Biscuit to its breakfast menu systemwide. The product features a crispy buttermilk battered chicken breast fillet served on Hardee's signature Made from Scratch(TM) biscuit. Media support for the biscuit began on Mar. 31," Puzder continued. "As of the end of period three, the trailing 13-period average unit volume at Hardee's was $959,000. In addition, Hardee's period three average unit volume was higher than any comparable period three since fiscal 1995, which is as far back as we can check." Revenue for period three from company-operated Hardee's restaurants (exclusive of franchise-related revenue and royalties) was approximately $41.4 million.
For period three, consolidated revenue from company-operated restaurants (exclusive of all franchise-related revenue and royalties) was approximately as follows:
Carl's Jr. $ 49.3 million
Hardee's $ 41.4 million
Total $ 90.7 million
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