Blended same-store sales for CKE Restaurants eases
March 07, 2007
by FoodBusinessNews.net Staff
CARPINTERIA, CALIF. — Blended same-store sales for CKE Restaurants Inc., the parent company of Carl’s Jr. and Hardee’s restaurants, were down 0.5% during the first period of fiscal year 2008.
Carl’s Jr. experienced a 2.7% drop in same-store sales, while Hardee’s same-store sales rose 1.5% during the first period of fiscal 2008. During the same period of fiscal year 2007, Carl’s Jr. gained 10.2% in same-store sales and Hardee’s experienced 4.3% growth in same-store sales.
"We remain very optimistic about the potential future near- and long-term performance of both our brands based upon our continued focus on innovative premium products, cutting-edge advertising, customer service, remodels and dual-branding conversions," said Andrew F. Puzder, president and chief executive officer.
Mr. Puzder said when comparing results to the same period in the previous year, it is difficult to report same-store sales increases when the introduction of strong products and favorable weather led to strong same-store sales last year.
However, Mr. Puzder said during the first week of period two, Carl’s Jr. same-stores sales seemed to be rebounding in part as a result of the Buffalo Chicken Sandwich, which was introduced on Feb. 21. Hardee’s also recently introduced the same sandwich.
Revenue for period one from company-owned Carl’s Jr. restaurants was approximately $44.1 million and about $48.2 million for Hardee’s.