Brand Period 9 Year to Date FY 2009 FY 2008 FY 2009 FY 2008 Carl's Jr. +1.6 % -1.1 % +3.2 % +0.7 % Hardee's +0.8 % +1.3 % +1.0 % +2.3 % Blended +1.2 % +0.1 % +2.2 % +1.5 %
Commenting on the Company's performance,
"Carl's Jr. reported a same-store sales increase of 1.6 percent for period
nine, versus a 1.1 percent decrease in the prior year period. During the
period's final week, Carl's Jr. expanded its line of Guacamole Bacon burgers.
We prepare our guacamole fresh daily and include real salsa, which may explain
why the
"Hardee's same-store sales increased 0.8 percent versus positive same-
store sales of 1.3 percent last year for a two year cumulative increase of 2.1
percent. During the period's final week, Hardee's introduced Little
Thickburgers, a quarter-pound sized version of both our standard one-third
pound Thickburger(R) and our Cheese Thickburger. With a mid-range starting
suggested retail price of
For period nine, consolidated revenue from company-operated restaurants (exclusive of all franchise-related revenue and royalties) was approximately as follows:
Carl's Jr. $ 46.4 million Hardee's $ 38.0 million Total $ 84.4 million
"We will report same-store sales results for period 10 of fiscal year
2009, ending
"During period nine, we revised our investors' presentation to highlight the reasons for investing in our Company during these difficult economic times. Investors can review our presentation at http://www.ckr.com. It emphasizes our brands' core strengths, which are of increased importance during these difficult times, as well as the strength of our balance sheet, our very favorable credit agreement which runs through March, 2012, our steadily improving financial results even during the current economic slowdown and how we have diversified our risk by refranchising and emphasizing franchise growth, both domestically and internationally. We also recommit our Company to regular and open communication with our analysts and investors. Please feel free to contact us after reviewing this presentation if you would like to discuss it."
As of the end of its fiscal 2009 second quarter, CKE Restaurants, Inc., through its subsidiaries, had a total of 3,100 franchised, licensed or company-operated restaurants in 42 states and in 14 countries, including 1,170 Carl's Jr. restaurants and 1,917 Hardee's restaurants.
SAFE HARBOR DISCLOSURE
Matters discussed in this news release contain forward-looking statements relating to future plans and developments, financial goals and operating performance that are based on management's current beliefs and assumptions. Such statements are subject to risks and uncertainties that are often difficult to predict, are beyond the Company's control and which may cause results to differ materially from expectations. Factors that could cause the Company's results to differ materially from those described include, but are not limited to, whether or not restaurants will be closed and the number of restaurant closures, consumers' concerns or adverse publicity regarding the Company's products, the effectiveness of operating initiatives and advertising and promotional efforts (particularly at the Hardee's brand), changes in economic conditions or prevailing interest rates, changes in the price or availability of commodities, availability and cost of energy, workers' compensation and general liability premiums and claims experience, changes in the Company's suppliers' ability to provide quality and timely products to the Company, delays in opening new restaurants or completing remodels, severe weather conditions, the operational and financial success of the Company's franchisees, franchisees' willingness to participate in the Company's strategies, the availability of financing for the Company and its franchisees, unfavorable outcomes in litigation, changes in accounting policies and practices, effectiveness of internal controls over financial reporting, new legislation or government regulation (including environmental laws), the availability of suitable locations and terms for the sites designated for development, 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.
SOURCE CKE Restaurants, Inc.