What was the current foreign income tax expense for Hardees in fiscal year 2025?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
ith Roark. In exchange for advice concerning management, finance, marketing, strategic planning and other advisory and consulting services provided to us by Roark and its affiliates, Roark receives consulting fees and reimbursement of reasonable expenses. The current annual consulting fee of $3,461 is payable in equal quarterly installments and subject to an increase of three percent per
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the current foreign income tax expense for fiscal year 2025 was $6,404. This is in comparison to the current foreign income tax expense of $5,926 in fiscal year 2024.
It is important to note that these figures represent only the current portion of foreign income taxes. The FDD also lists deferred foreign income taxes, which were $(24) for fiscal year 2025 and $60 for fiscal year 2024. The total income tax expense, which includes federal, state, and foreign taxes (both current and deferred), was $4,266 in fiscal year 2025 and $16,502 in fiscal year 2024.
Prospective Hardees franchisees should consider these income tax expenses as part of their overall financial planning. Understanding the breakdown of current versus deferred taxes, as well as the fluctuations from year to year, can help in forecasting potential tax liabilities. It is advisable to consult with a financial advisor to fully understand the implications of these figures for their specific franchise operations.