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CKE reports positive first quarter

CARPINTERIA, Calif. – CKE Restaurants Inc. on Wednesday announced an 1.8 percent increase in same-store sales for period four and the first quarter.

The company said the increase was a blended result of sales from both Carl’s Jr. and Hardee’s locations.

"Carl's Jr. achieved a 4.2 percent same store sales increase in period four. On a two year cumulative basis, same-store sales have increased 3.3 percent,” said Andrew Puzder, president and CEO. For the first quarter same-store sales at Carl's Jr. increased by 3.9 percent versus flat results in the prior-year quarter and same-store transactions increased by 1.9 percent.

He said that Hardee's recorded a 1.0 percent same store sales decrease in period four. On a two year cumulative basis, same-store sales have decreased 0.4 percent. Hardee's same-store sales for the first quarter decreased 0.6 percent on top of a 1.8 percent increase in the prior-year's quarter, Puzder said. Revenue for the first quarter from company-operated Hardee's restaurants (exclusive of franchise-related revenue and royalties) was approximately $162.9 million.

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