Industry News | July 26, 2006
CKE Reports Positive Period Six Blended Same-Store Sales
Commenting on the company's performance, Andrew F. Puzder, president and chief executive officer, said, "We are pleased to report our eighth consecutive period of positive same-store sales for both Carl's Jr. and Hardee's. These gains were achieved without the introduction of a new lunch/dinner item at either brand, and despite the prolonged impact higher gasoline prices are having on consumers' discretionary spending, which has resulted in increased discounting activity in the industry. We believe these latter issues are likely to remain in effect through at least the rest of the summer months and, while they may have a dampening impact on our future same-store sales results, we believe both brands are well positioned to continue to generate positive results in spite of the macroeconomic and competitive pressures we may face."
Same-store sales results for period seven of fiscal year 2007, ending Aug. 14, 2006, will be reported on or about Aug. 23, 2006. As of its first fiscal quarter ended May 22, 2006, CKE Restaurants, Inc., through its subsidiaries, had a total of 3,141 franchised or company-owned restaurants in 43 states and in 13 countries, including 1,062 Carl's Jr. restaurants, 1,963 Hardee's restaurants and 100 La Salsa Fresh Mexican Grill restaurants.
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