| CKE Restaurants
Earnings Call |
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CKE Restaurants Earnings Call, First Quarter 2009
3rd July 2008 00:00 AM |
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| Profit increased to $16.6 million as better performance at Carl's Jr restaurants offset higher costs for ingredients. |
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| Revenue fell 3% to $466.2 million from $481.8 million. Analysts predicted revenue of $465.5 million. Same-store sales rose 1.8% systemwide. By brand, same-store sales rose 3.9% at Carl''s Jr. and fell 0.6% at Hardee''s. Income tax expense decreased by $1.2 million from the prior year quarter, primarily as a result of the impact of recent tax regulations. The company expects effective income tax rate for the remainder of fiscal 2009 to be approximately 41%. |
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CKE Restaurants Fourth Quarter Earnings Call
3rd April 2008 00:00 AM |
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| Profit was lower as sales declined and booked expenses related to interest rate swap agreements. |
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| Revenue fell 3% to $338.1 million from $349.2 million last year. Same-store sales rose 1.4% at Carl''s Jr. and 0.4% at Hardee''s. Higher food costs, particularly for wheat and dairy, higher packaging costs and higher food distribution costs hurt results. Operating income was $15.5 million versus $16.5 million in the prior year quarter. The company repurchased 2,655,300 shares of common stock at a total cost of $32.9 million. |
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CKE Restaurants Third Quarter Earnings Call
15th December 2007 00:00 AM |
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| Profit fell 34% to $6.2 million due largely to higher food and operating costs and a dip in sales. |
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| CKE Restaurants reported revenue decrease of 1% to $351.6 million from $354.4 million in the third quarter last year. The results included a loss of 2 cents per share from discontinued operations. The company earned 13 cents per share for continuing operations. Same-store sales rose 0.7% and Carl''s Jr. and 2.7% at Hardee''s company-owned restaurants. Hardee''s company-operated restaurants average unit volume increased to $945,000, a $29,000 increase since the end of fiscal 2007. |
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CKE Restaurants Second Quarter Earnings Call
28th September 2007 00:00 AM |
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| The net income dropped to $9.4 million from $14.2 million, mainly due to substantial increase in the operating expenses. |
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| The operator of restaurant chains like Hardee’s and Carl’s Jr. reported sales of $363.1 million, reflecting a marginal decrease due to the refranchising efforts. During the quarter, the higher operating expenses, not only negatively impacted earnings, but they also masked the very tangible returns that the firm was earning from its capital plans. CKE Restaurants expects to continue to face increased commodity prices for the remainder of the year. |
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