The board of directors at CKE Restaurants, parent of Hardee's and Carl's Jr., has authorized an expansion of its stock repurchase program by $50 million, for a new limit of $150 million.
CKE has repurchased two million shares from its largest shareholder for $18.53 per share.
CKE will also be added to the restaurants sub-industry index, and included in the S&P 1500 Composite index.
CKE sees eighth consecutive period of increased same-store sales at both Carl's Jr. and Hardee's.
CKE's repurchase stock repurchase program now as a limit of $50,000,00, up from $20,000,000.
CKE says the new logos are designed to move the chains closer to the image of sit-down restaurants and further away from traditional fast food.
CKE Restaurants, Inc. announced today the appointment of Matthew Goldfarb to the Board of Directors, filling the seat of Douglas Ammerman, who announced his resignation in January 2006 and whose term expires at the 2007 annual shareholders' meeting.
CKE reports 27th consecutive period of same-store sales increases at Carl's Jr. and Hardee's.
The Green Burrito entree salad marks the first time a Green Burrito–branded menu item will be sold throughout the entire Carl’s. Jr. system
The ad spot in support of Carl’s Jr. Spicy BBQ Six Dollar Burger and Hardee’s soon-to-be introduced Spicy BBQ Thickburger will air on television and the web May 19.