View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 26, 2005

USA: CKE restaurants returns to profit

CKE Restaurants has announced a return to profit for the first time since fiscal 1999.

CKE Restaurants has announced a return to profit for the first time since fiscal 1999.

In the year ended 31 January 2005 the company made a net income of $18.0m compared with the previous year’s loss of $53.2m. Total revenue was $1.52bn compared with $1.41bn in the previous year.

Same-store sales increased 7.7% and 7.0% at company-operated Carl’s Jr. and Hardee’s restaurants, respectively.

“We are very pleased with our 2005 results, said president and CEO Andrew F. Puzder. “Both Carl’s Jr. and Hardee’s finished the year with very strong same-store sales and margin performance, which contributed to our first profitable fiscal year and fourth quarter in six years.”

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food