Carpinteria / CA. (cke) CKE Restaurants Inc. announced period four and first fiscal quarter company-operated same-store sales for the four and sixteen-week periods ended May 18, 2009, for Carl´s Jr.® and Hardee´s®.
| Brand | Period 4 | First Quarter | ||
| FY 2010 | FY 2009 | FY 2010 | FY 2009 | |
| Carl´s Jr. | -6,2 percent | +4,2 percent | -5,1 percent | +3,9 percent |
| Hardee´s | 0,0 percent | -1,0 percent | +2,5 percent | -0,6 percent |
| Blended | -3,5 percent | +1,8 percent | -1,8 percent | +1,8 percent |
«While we were pleased with positive same-store sales of 2,5 percent at Hardee´s for the first quarter, the decline in same-store sales at Carl´s Jr. disappointed our management team», explained Andrew F. Puzder, chief executive officer. «Improving same-store sales at both brands remains a high priority for us. However, maintaining our profitability and brand image over the long-term is a higher priority than generating short-term positive same-store sales».
First Quarter Revenue Trends – Company-operated
For period four and the first quarter of 2010, consolidated revenue from company-operated restaurants (exclusive of all franchise-related revenue and royalties) was approximately as follows:
| Brand | Period 4 | First Quarter | ||
| FY 2010 | FY 2009 | FY 2010 | FY 2009 | |
| Carl´s Jr. | 46,8 million USD | 48,4 million USD | 192,1 million USD | 195,3 million USD |
| Hardee´ | 38,1 million USD | 39,8 million USD | 151,0 million USD | 162,9 million USD |
| Total | 84,9 million USD | 88,2 million USD | 343,1 million USD | 358,2 million USD |
Total revenue for company-operated restaurants declined 3,3 million USD in period four and 15,1 million USD for the first quarter, primarily driven by the refranchising of Hardee´s restaurants during the prior fiscal year as well as the same-store sales decline as Carl´s Jr.
First Quarter Revenue Trends – Franchise-related
Another component of CKE Restaurant´s revenues relates to franchise fees and royalties. As previously disclosed, the Company completed its refranchising program in fiscal 2009; hence, the 1,5 million USD of franchise fee revenue the Company received last year during the first quarter will not recur this year.
As of the end of its fiscal fourth quarter on January 26, 2009, CKE Restaurants Inc., through its subsidiaries, had a total of 3’116 franchised or company-operated restaurants in 42 states and in 14 countries, including 1’195 Carl´s Jr.® restaurants and 1’908 Hardee´s® restaurants.
Info: CKE Restaurants Inc. Reports Period Four and First Fiscal Quarter Same-Store Sales and Gives Guidance on Restaurant Operating Costs – Company-Operated Restaurant Operating Costs Remain Under Control Despite Significant – Headwinds from California Economy and the Resulting Same-Store Sales Declines (complete press release).
