CKE Restaurants®, Inc. Reports Period Three Same-Store Sales
28 Avril 2010 - 5:11PM
Business Wire
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®.
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
Upcoming
Communications
The Company will report period four, ending May 17, 2010,
same-store sales on or about May 26, 2010.
Safe Harbor
Disclosure
Matters discussed in this press release contain forward-looking
statements relating to the Company's strategic initiatives to grow
same-store sales and increase market share, which are based on
management's current beliefs and assumptions. Such statements are
subject to risks and uncertainties that are often difficult to
predict and beyond the Company’s control. Factors that could cause
the Company’s results to differ materially from those described
include, but are not limited to, the Company’s ability to compete
with other restaurants, delicatessens, supermarkets and convenience
stores for customers, employees, restaurant locations and
franchisees; the effect of restrictive covenants in the Company’s
credit facility on the Company’s business; changes in consumer
preferences, perceptions and spending patterns; the ability of the
Company’s key suppliers to continue to deliver quality products to
the Company at moderate prices; the Company’s ability to
successfully enter new markets and complete remodels of existing
restaurants; changes in economic conditions which may affect the
Company’s business and stock price; the Company’s ability to
attract and retain key personnel; the Company’s franchisees’
willingness to participate in the Company’s strategy; the
operational and financial success of the Company’s franchisees;
changes in the price or availability of commodities; the effect of
the media’s reports regarding food-borne illnesses, food tampering
and other health-related issues on the Company’s reputation and its
ability to obtain products; the seasonality of the Company’s
operations; the Company’s ability to hire and retain qualified
personnel and the effect of higher labor costs; increased insurance
and/or self-insurance costs; the Company’s ability to comply with
existing and future health, employment, environmental and other
government regulations; the completion and timing of the proposed
merger; and other factors as discussed in the Company’s filings
with the Securities and Exchange Commission.
Forward-looking statements speak only as of the date they are
made. The Company undertakes no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise, except as required by law
or the rules of the New York Stock Exchange.
CKE Restaurants,
Inc.
Headquartered in Carpinteria, Calif., CKE Restaurants, Inc. is
publicly traded on the New York Stock Exchange under the symbol
“CKR.” As of the end of its fiscal 2010, CKE Restaurants, Inc.,
through its subsidiaries, had a total of 3,141 franchised, licensed
or company-operated restaurants in 42 states and in 16 countries,
including 1,224 Carl's Jr. restaurants and 1,905 Hardee's
restaurants. For more information about CKE Restaurants, please
visit www.ckr.com.
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