CARPINTERIA, CALIF. — CKE Restaurants, Inc. returned to profitability during the year based on preliminary, unaudited results.
For the year ended Jan. 31, the company projects an income of $20 million to $23 million, which compares with a loss of $11.3 million during the previous year. The company expects revenue of $1,326 million, up 4% from $1,280.3 million in 2012.
For the fourth quarter ended Jan. 31, the company expects income of as much as $3 million, which compares with a loss of $1.1 million during the same quarter of the previous year. The company expects revenue of $294 million, up 2% from the same quarter of the previous year.
These preliminary results are subject to change.
The company also reported consolidated company-operated same-store sales increased 3% during the year and 2% during the fourth quarter. Same-store sales for Carl’s Jr. were up 2.9% during the fourth quarter and 3.6% during the year. Hardee’s same-store sales increased 1.1% during the fourth quarter and 2.3% during the year.
