What was the federal current income tax expense for Hardees in fiscal year 2023?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
t, LLC
We have a management advisory and consulting services agreement with 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 $3,360 is paya
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the federal current income tax expense for fiscal year 2023 was $3,424. This figure is part of the overall income tax expenses reported in the financial statements. These statements provide a breakdown of current and deferred tax expenses, including federal, state, and foreign taxes.
For a prospective Hardees franchisee, understanding these tax figures is crucial for assessing the financial health and profitability of the company. The current income tax expense reflects the actual taxes payable for the fiscal year, while deferred tax expenses represent changes in deferred tax assets and liabilities. Monitoring these figures over time can help franchisees understand the company's tax planning strategies and their impact on net income.
It's also important to note that these figures are specific to the consolidated financial statements of Hardees and may not directly reflect the tax obligations of an individual franchise. However, understanding the overall tax structure of the company can provide valuable context for franchisees as they manage their own tax responsibilities. Franchisees should consult with their own financial advisors to understand the tax implications of owning and operating a Hardees franchise.