"During period four, Hardee's continued to roll out the new Hand-Scooped Ice Cream Shakes & Malts system wide and continued to promote the new Frisco Thickburger(TM). (408) 402-5681. The Company, through its subsidiaries, provides burgers, breakfast, meat products, and other food products. Pre-tax income excluding mark-to-market adjustments was $9.8 million for the quarter compared to $10.6 million in the prior year quarter. CKE Restaurants (CKR) said today that is has received an alternative takeover bid to rival Thomas H. Lee Partners offer. Company-operated restaurant-level margin for the year decreased 30 basis points to 18.6% of company-operated restaurants revenue as a 90 basis point increase in depreciation costs, primarily associated with recent remodeling activities and higher labor costs were, partially offset by favorable commodity costs. Export. The franchise opportunities listed above are not related to or endorsed by Franchising.com or Franchise Update Media Group. CKE Restaurants Holdings, Inc., which owns Carl's Jr. and Hardee's, is using virtual reality (VR) to test and implement new products and processes in a faster way. Restaurant-level margin declined to 20.0% compared to the prior year at 21.2% of company-operated restaurants revenue. Company-operated restaurant-level margin decreased 180 basis points for the quarter to 16.2% of company-operated restaurants revenue, in part as a result of a 100 basis point increase in depreciation costs, primarily associated with recent remodeling activities. Cke Restaurants's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. Get Full Access To Patty's Info. Is CNN Taking A Socially Conservative Stand Against Ads With Women In Bikinis? "Blended same-store sales decreased 3.9% for our fiscal year and decreased 6.0% in the fourth fiscal quarter with poor end of year weather impacting our results. CKE Restaurants Inc.'s fiscal fourth-quarter net income dropped steeply as revenue fell and interest expenses more than quadrupled amid a $9.7 million charge on interest rate swaps. We define company-operated restaurant-level margin as restaurant-level income divided by company-operated restaurants revenue. In 1941 Carl's Jr. founder, Carl Karcher, entered the fast food market with his purchase of a hot dog cart in Los Angeles, California. The Company will host a conference call and webcast on March 25, 2010, at 6:00 a.m. PST (9:00 a.m. EST) to review these results and discuss the Company's growth plans. The company filed paperwork for an IPO in 2012 before shelving its plans to go public due to market conditions. The Company's Adjusted EBITDA for the quarter remained strong at $32.7 million, or 10.5% of total revenue compared to $34.4 million, or 10.5% of total revenue in the prior year quarter. We encourage prospective franchise buyers to perform extensive due diligence when considering a franchise opportunity. Even though we saw weakness in the overall economy, high unemployment rates and deep-discount burger wars, I'm proud to say that for the year we maintained market share, our premium branding and remarkably constant levels of profitability," said Andrew F. Puzder, chief executive officer. Legal Notices | Privacy Policy, European Master & Multi-Unit Franchising Conference, Franchise Leadership & Development Conference, Franchise Marketing Leadership Conference, Franchise Leadership & Development Report. CKE Restaurants is a subsidiary of the private equity firm, Roark Capital Group, and is headqua Forward-looking statements speak only as of the date they are made. Revenue for the first quarter, from company-operated Carl's Jr. restaurants (exclusive of all franchise-related revenue and royalties), was approximately $176.9 million. Andrew Puzder, the CEO of CKE Restaurants and President Donald Trump's choice to run the Department of Labor, is withdrawing his name from consideration for Labor Secretary. For clarity of presentation, we generally label all years presented as if the fiscal year ended January 31. The price was not disclosed and the sale to an affiliate of Roark Capital Group comes five months after Apollo Global Management hired Goldman Sachs to explore a sale or spinoff of the company it purchased in 2010. The Company's Adjusted EBITDA for the year remained strong at $166.3 million or 11.7% of total revenue, compared to prior year of $167.3 million, or 11.3% of total revenue. CKE Restaurants, Inc. Trump is expected to nominate Puzder to be Labor secretary. CKE RESTAURANTS HOLDINGS INC (Private) Company Profile, Corporate Revenues, Growth, Market Size, Analysis, Business Forecasts, Market Share, Metrics, SWOT. That can certainly be true, but nothing is stranger than the spin from a newsroom looking for political advantage. CKE Restaurants Holdings Inc., ... CKE reported revenues of $1.3 billion, an increase of $46 million, or 3.6 percent, compared to the prior year, according to SEC filings. The Company offers burgers, salads, sides, desserts, beverages, breakfast, chicken, and biscuits. The first quarter of our fiscal year has four periods, or 16 weeks. Labor costs also increased due to higher minimum wages in some states and the impact of sales deleveraging. Lower commodity costs for beef, cheese, oil and flour products more than offset the increase in depreciation costs. No statement in this site is to be construed as a recommendation. As of the end of fiscal 2010, CKE Restaurants, Inc., through its subsidiaries, had a total of 3,141 franchised, licensed or company-operated restaurants in 42 states and in 14 countries, including 1,224 Carl's Jr. restaurants and 1,905 Hardee's restaurants. The Company invites investors to listen to the live webcast of the conference call at www.ckr.com under "Investors." Franchising.com is produced by Franchise Update Media. Because something magical will happen: all those people currently getting $7.25 will have more money in their pockets. Investor Nelson Peltz has reportedly lost interest in making a bid for CKE Restaurants (CKR), which is parent to the Hardees and Carls Jr. burger chains. Net income for the quarter includes a $9.9 million tax benefit related to a reduction in our valuation allowance for deferred income tax assets. On a two-year basis, same-store sales decreased 9.3%. 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.(R) and Hardee's(R). Direct Phone (615) ***-**** Get Email Address Get Phone Number. Lower commodity costs for beef, cheese, and oil products and reduced distribution costs related to lower fuel and administrative costs partially offset increases in other operating costs resulting from sales deleveraging. (AP Photo/Carolyn Kaster) They say politics makes for strange bedfellows. The Company's filings with the SEC are available to investors at www.ckr.com under "Investors/SEC Filings.". CKE RESTAURANTS, INC. REPORTS SECOND QUARTER FISCAL YEAR 2013 RESULTS. No media company understands the franchise landscape deeper than Franchise Update Media. Company CKE Restaurants. 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. Experience CKE Restaurants, Inc. December 2013 - September 2014 Skills Public Speaking, AutoCAD, Microsoft Excel, Microsoft Word, Microsoft Office, Research, Higher Education, PowerPoint, Social Media Education American River College 2013 — 2017 Associate's Degree, Physical Sciences Granite Bay High School 2009 — 2013 High School Diploma CKE Restaurants, Inc. announced today its third fiscal quarter results for the twelve weeks ended November 1, 2010. We are not engaged in, supporting, or endorsing any specific franchise, business opportunity, company or individual. Hardee's company-operated same-store sales for the quarter decreased 2.5% also due to weak economic conditions. Here is an outline of his stances so you can decide for yourself. View CKE Restaurants (www.ckr.com) location in Tennessee, United States , revenue, industry and description. CKE Restaurants, the Carpinteria-based parent of Carls Jr. and Hardees, has been sold to an Atlanta private equity firm specializing in restaurant chains. Restaurant-level margin declined to 17.3% compared to the prior year quarter at 21.0% of company-operated restaurants revenue. There's really nothing junior about this company, other than the name of its flagship hamburger chain. CKE also owns Hardee's Food Systems, which operates and franchises roughly 1,950 Hardee's locations, mostly in the Midwest and Southeast. Franchise Update Media has its finger on the pulse of franchising with unrivalled audience intelligence and market driven data. All Rights Reserved. CKE Restaurants Holdings, Inc., which owns Carl's Jr. and Hardee's, is using virtual reality (VR) to test and implement new products and processes in a faster way. On a two-year basis, same-store sales increased 0.3%. The new “Feed Your Happy” brand campaign reunites Carl’s Jr. and Hardee’s after advertising for the two brands was separated two years ago. CKE Restaurants' Puzder sees tasty results; 3Com's Claflin explains loss to investors; Take Two's Roedel eyes Grand Theft sales. CKE Restaurants, Inc. owns and operates fast food restaurants. Operating income for the quarter was $11.4 million, or 3.7% of total revenue compared to $13.8 million, or 4.2% of total revenue in the same quarter of the prior year. PAR is CKE Restaurants’ exclusive U.S. service provider for point-of-sale (POS) systems at CKE’s Carl’s Jr.® and Hardee’s® restaurants throughout the U.S., including front-of-house, drive-thru, kitchen management and back-office systems plus all associated peripherals. CKE Restaurants Holdings, Inc. (“CKE”), parent company of Carl’s Jr.® and Hardee’s®, today announced that Jason Marker has been selected as the compan Collectively the brand generates approximately $4 billion in annual system revenues. Headquartered in Carpinteria, Calif., CKE Restaurants, Inc. is publicly traded on the New York Stock Exchange under the symbol "CKR." It is classified as operating in the Offices of Bank Holding Companies industry. Announces Preliminary, Unaudited Fourth Quarter and Full Year Fiscal 2013 Results CARPINTERIA, Calif.--(BUSINESS WIRE)-- CKE Restaurants, Inc. ("CKE Carl's Jr. company-operated same-store sales for the quarter declined 8.7% as a result of the particularly weak economy in California and poor weather conditions. Revenue: $500 million to $1 billion (USD) Competitors: UNKNOWN. CKE Restaurants is a leading fast-food operator with more than 3,150 eateries across the country. © 2021 Forbes Media LLC. Factors that could cause the Company's results to differ materially from those described include, but are not limited to, the Company's ability to compete with other restaurants, delicatessens, supermarkets and convenience stores for customers, employees, restaurant locations and franchisees; the effect of restrictive covenants in the Company's credit facility on the Company's business; changes in consumer preferences, perceptions and spending patterns; the ability of the Company's key suppliers to continue to deliver quality products to the Company at moderate prices; the Company's ability to successfully enter new markets and complete remodels of existing restaurants; changes in economic conditions which may affect the Company's business and stock price; the Company's ability to attract and retain key personnel; the Company's franchisees' willingness to participate in the Company's strategy; the operational and financial success of the Company's franchisees; changes in the price or availability of commodities; the effect of the media's reports regarding food-borne illnesses, food tampering and other health-related issues on the Company's reputation and its ability to obtain products; the seasonality of the Company's operations; the Company's ability to hire and retain qualified personnel and the effect of higher labor costs; increased insurance and/or self-insurance costs; the Company's ability to comply with existing and future health, employment, environmental and other government regulations; the completion and timing of the proposed merger; and other factors as discussed in the Company's filings with the Securities and Exchange Commission. Copyright © 2001 - 2021. Previously, Patty was the Marketing at Hardee's. Thomas H. Lee Partners will acquire Carl's Jr. operator CKE Restaurants in $982 million deal. CKE Restaurants former CEO Andrew Puzder argued on Tuesday that the best stimulus for small … Source: Fox News - Right-wing. 15. CKE Restaurants, Inc. (NYSE: CKR) announced today period three same-store sales for the four weeks ended April 20, 2009, for Carl's Jr.(R) and Hardee's(R). © 2021 Forbes Media LLC. The Atlanta-based owner of Arby’s and Buffalo Wild Wings acquired founder Jimmy John Liautaud’s remaining stake in the company, three years after its parent company Roark Capital first invested in the sandwich chain. The fiscal year ended January 25, 2010 is referred to herein as fiscal 2010 or the fiscal year ended January 31, 2010. Other expense increases included the impact of sales deleveraging and shifts in menu mix on fixed costs. A free inside look at company reviews and salaries posted anonymously by employees. About 890 of CKE's restaurants are corporate-owned, while the rest are franchised or licensed. CKE also uses PAR hardware, the EverServ™ POS terminals. And since the poor spend a greater portion of their income than richer people do thus, [...]. Depreciation also increased 80 basis points related to the ongoing remodeling program and equipment upgrades. Our fiscal year is comprised of 13 four-week accounting periods and ends on the last Monday in January each year. The dial in information is (617) 224-4324. Last Update. To grow same-store sales we will continue with our aggressive new product launches, cutting edge advertising, dual branding and remodeling; all the while looking for ways to increase profitability.". Pre-tax income excluding mark-to-market adjustments was $70.0 million for the year compared to $67.5 million in the prior year quarter. Carl's Jr. company-operated same-store sales for the year declined 6.2% as a result of the particularly weak economy in California and poor weather conditions near year end. HQ Phone (615) 538-9400. CKE Restaurants Holdings, Inc. owns, operates and franchises over 3,800 quick-service restaurants in 44 states and 43 foreign countries and U.S. territories (as of January 2019). Patty Trevino Contact Information. All other quarters have three periods, or 12 weeks. P.O. Email. If Andy Puzder, CEO of CKE Restaurants, is confirmed as labor secretary following his hearing, what can U.S. workers expect as he spearheads one of the cornerstones of President Donald Trump’s plan to “make America great again”? Matters discussed in this press release contain forward-looking statements relating to the Company's strategic initiatives to grow same-store sales, expand its franchisee presence and increase profitability, which are based on management's current beliefs and assumptions. CKE Restaurants, Inc. (“CKE Restaurants”), through its wholly-owned subsidiaries, ... which is included in franchised restaurants and other revenue in our accompanying unaudited Condensed Consolidated Statements of Operations. Examples of such Non-GAAP financial measures include Adjusted EBITDA, which is a measure used by our lenders under our senior credit facility to evaluate our ability to service debt and fund capital expenditures; company-operated restaurant-level margin, which is a measure of restaurant profitability; franchise contribution, which is a measure of our operating results related to franchised and licensed restaurants; and diluted income per common share and pretax income, excluding mark-to-market adjustments, which are financial metrics used by management to measure our performance.

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