Industry News | June 24, 2002

CKE Restaurants, Inc. Initiates Monthly Same-Store Sales Reporting

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Santa Barbara, Calif.—June 24, 2002— CKE Restaurants, Inc., operator and franchiser of over three thousand-four hundred restaurants in the United States and internationally, introduced today monthly same-store sales reporting and announced period five same-store sales for each of its major brands —Carl's Jr., Hardee's and La Salsa.

Commenting on the performance for the period, Andrew F. Puzder, president and CEO, said, "Our performance this period reassures us that we are doing the right things to maintain or continuously improve the strength of the Carl's Jr. and La Salsa brands, and to turn the business around at Hardee's. Following five consecutive quarters of positive same- store sales growth at Carl's Jr. and 13 consecutive quarters of positive same-store sales growth at La Salsa, it is clear to us that these brands remain strong and continue to attract individuals who recognize the value of quality products."

"On the heels of four consecutive quarters of positive same-store sales growth," added Puzder, "Hardee's results for the period reflects an improvement since we first began our efforts to re-focus employees' attention on quality, service and cleanliness, to remodel stores, and to overhaul the menu—including offering a limited number of premium products at a higher—penny profit."

CKE recently reported its first quarter 2003 results on June 13, 2002. Per a previous statement made during its first quarter 2003 report, the Company intends to report same-store sales within 2-3 business days following the end of the period. Same-store sales for period 6 will be reported on July 22, 2002.

News and information presented in this release has not been corroborated by QSR, Food News Media, or Journalistic, Inc.