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CKE Restaurants®, Inc. Reports Period Four Same-Store Sales

 

CKE Restaurants, Inc. (NYSE: CKR) announced today period four company-operated same-store sales for the period ended May 17, 2010, for Carl’s Jr. ® and Hardee’s ®.

Brand       Period 4     First Quarter
        FY 2011   FY 2010     FY 2011   FY 2010
Carl’s Jr.       -5.2%   -6.2%     -6.1%   -5.1%
Hardee’s       0.6%   0.0%     -1.2%   +2.5%
Blended       -2.6%   -3.5%     -3.9%   -1.8%
             

“Both Carl’s Jr. and Hardee’s same-store sales improved from the third period and from the comparable period of the prior year,” said Andrew F. Puzder, Chief Executive Officer. “While Carl’s Jr. continued to be negatively impacted by the poor economic conditions and high unemployment rates in our core California market, for Hardee’s, period 4 marks the third consecutive period of positive same-store sales results. Regardless of when the overall economy turns around, we remain steadfastly focused on protecting our brand image for the long run while trying to grow same-store sales in the short run. Given the state of the economy, I’m proud of our profitability and we will continue to focus on the excellent value-for-the money of our premium products and new initiatives to improve same-store sales and increase market share.

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