CKE Restaurants (CKR) Reports Blended Same-Store Sales Declined 3.6%
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CKE Restaurants, Inc. (NYSE: CKR) announced today period seven company-operated same-store sales for the four, twelve, and twenty-eight week periods ended August 10, 2009, for Carl's Jr. and Hardee's.
"Our management team's focus on stemming the decline in same-store sales looks to have gained some traction in period seven," said Andrew F. Puzder, chief executive officer. "During period seven, we continued to see the benefit of our popular Teriyaki Burgers at Carl's Jr. supported with an ad starring Audrina Patridge from 'The Hills' television show. Since we rolled out this product mid-way into period six, the Teriyaki Burgers have been among the best selling premium burgers on our menu. We offer it on all three of our burger platforms starting at approximately $2.89.
"Although blended same-store sales declined by 3.6% during period seven, the trend improved from period six, which was down 5.0%. On a two-year basis, blended same-store sales decreased 0.6% in period seven. Blended trailing-13 period average unit volume was $1,228,000 in period seven, which compares to $1,207,000 for period seven last year.
"With respect to the brands, for period seven, Hardee's same-store sales declined 1.6 percent, compared to an increase of 1.4 percent for period seven of fiscal 2009. On a two-year basis, Hardee's same-store sales decreased 0.2 percent. Hardee's trailing-13 period average unit volume was $1,006,000 in period seven, which compares to $973,000 for period seven last year.
"Same-store sales for Carl's Jr. declined 5.2 percent for period seven as compared to an increase of 4.2 percent for period seven last year. On a two-year basis, same-store sales declined 1.0 percent for period seven. Carl's Jr.'s trailing-13 period average unit volume totaled $1,486,000 in period seven, which compares to $1,527,000 for the same period last year," Puzder concluded.
"Our management team's focus on stemming the decline in same-store sales looks to have gained some traction in period seven," said Andrew F. Puzder, chief executive officer. "During period seven, we continued to see the benefit of our popular Teriyaki Burgers at Carl's Jr. supported with an ad starring Audrina Patridge from 'The Hills' television show. Since we rolled out this product mid-way into period six, the Teriyaki Burgers have been among the best selling premium burgers on our menu. We offer it on all three of our burger platforms starting at approximately $2.89.
"Although blended same-store sales declined by 3.6% during period seven, the trend improved from period six, which was down 5.0%. On a two-year basis, blended same-store sales decreased 0.6% in period seven. Blended trailing-13 period average unit volume was $1,228,000 in period seven, which compares to $1,207,000 for period seven last year.
"With respect to the brands, for period seven, Hardee's same-store sales declined 1.6 percent, compared to an increase of 1.4 percent for period seven of fiscal 2009. On a two-year basis, Hardee's same-store sales decreased 0.2 percent. Hardee's trailing-13 period average unit volume was $1,006,000 in period seven, which compares to $973,000 for period seven last year.
"Same-store sales for Carl's Jr. declined 5.2 percent for period seven as compared to an increase of 4.2 percent for period seven last year. On a two-year basis, same-store sales declined 1.0 percent for period seven. Carl's Jr.'s trailing-13 period average unit volume totaled $1,486,000 in period seven, which compares to $1,527,000 for the same period last year," Puzder concluded.
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