CKE Restaurants (CKR) Reports August Same-Store Sales, CEO Comments

CKE Restaurants, Inc. (NYSE: CKR) announced today period seven same-store sales for the four weeks ended Aug. 14, 2006. Carl's Jr. results were +6.3%, Hardee's were +1.4% and Blended +3.8%.

Commenting on the Company's performance, Andrew F. Puzder, president and chief executive officer, said, "We are pleased to report positive blended same-store sales of 3.8% for period seven, 3.9% for the second quarter, and 4.8% for fiscal year to date. This was also our ninth consecutive period of positive same-store sales for both Carl's Jr. and Hardee's. Despite the impact that higher gasoline prices continue to have on the marketplace -- including a reduction in consumers' discretionary spending and an associated increase in discounting activity in the restaurant industry -- we believe our brands remain well positioned heading into the fall months."

For the second quarter, consolidated revenue from company-operated restaurants is $300.1 million.

You May Also Be Interested In

• Virtus Investment Partners names Jack Boyce to its board
• Sk Hynix Union Is Finalising Wording Of Tentative Wage Deal, And Will Brief Its Members On The Terms This Afternoon- Reuters
• Stifel Reiterates Buy Rating on NVIDIA (NVDA)