What was the amount of proceeds from the sale of other property and equipment for CKE Restaurants Holdings, Inc. and subsidiaries, which includes Hardees, in fiscal year 2025?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
24, we purchased nineteen Hardee's restaurants and one Carl's Jr. restaurant from franchisees for purchase price consideration of $3,342, which in combination with certain assets subject to pre-existing relations with these franchisees, results in aggregate consideration transferred for $3,438. As a result of these transactions, we recorded the following:
| Fiscal 2025 | Fiscal 2024 | ||
|---|---|---|---|
| Net working capital | $ 5 | $ 55 | |
| Property and equipment | 106 | 12,281 | |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
Based on the 2025 FDD, the financial statements provided do not contain a specific figure for the proceeds from the sale of other property and equipment for CKE Restaurants Holdings, Inc. and its subsidiaries, including Hardees, during the fiscal year 2025. The document includes various financial details such as depreciation and amortization expenses, information on acquisitions and refranchising activities, and discussion of intangible assets. However, it does not break out the specific proceeds from the sale of property and equipment.
While the FDD does mention refranchising transactions, it only provides details for fiscal year 2024. For example, during fiscal year 2024, CKE Restaurants sold one Hardee's restaurant, along with related inventory and fixed assets, receiving aggregate consideration of $2,082 and recognizing a net gain of $153. This information pertains to a specific refranchising event but does not represent the total proceeds from all property and equipment sales across the company.
A prospective Hardees franchisee should inquire directly with the franchisor, CKE Restaurants Holdings, Inc., to obtain the specific figure for proceeds from the sale of other property and equipment during fiscal year 2025. This information would provide a clearer picture of the company's asset management and financial performance. Understanding these figures can help a franchisee assess the financial health and stability of the franchisor.