CKE Restaurants® Announces First Quarter Fiscal 2011 Results

CKE Restaurants, Inc. (NYSE:CKR) announced today first quarter results and the filing of its Report on Form 10-Q with the Securities and Exchange Commission (“SEC”) for the sixteen weeks ended May 17, 2010.

First Quarter Highlights

			First Quarter
($ in millions, except per share amounts)			FY 2011			FY 2010
Company-Operated Blended Same-Store Sales			-3.9%			-1.8%
Company-Operated Restaurant-Level Margin (1)			16.7%			19.9%
Total Revenue			$435.2			$446.8
Operating Income			$20.1			$29.7
Transaction Fees & Costs			$20.9			$0.0
Pre-Tax Net (Loss) Income			($5.4)			$24.2
Net Income (Loss)			($3.1)			$14.4
Diluted EPS			($0.06)			$0.26
Adjusted EBITDA, Excluding Transaction Fees & Costs (2)			$46.2			$54.7

(1) We define company-operated restaurant-level margin as restaurant-level income divided by company-operated restaurants revenue. Restaurant-level income is company-operated restaurants revenue less restaurant operating costs, which are the expenses incurred directly by our company-operated restaurants in generating revenues and do not include advertising costs, general and administrative expenses or facility action charges.