What fiscal years are covered by the audited combined consolidated financial statements of Hardees SPV Guarantor LLC and its subsidiaries?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this disclosure document as Exhibit K are the audited combined consolidated financial statements of the CKE Securitization Entities (Carl's Jr. Restaurants LLC, Carl's Jr. SPV Guarantor LLC, Carl's Jr. Funding LLC, Hardee's Restaurants LLC, Hardee's SPV Guarantor LLC and Hardee's Funding LLC), which comprise (1) the combined consolidated balance sheets as of January 27, 2025 and January 29, 2024, and the related combined consolidated statements of income, members' deficit, and cash flows for the fiscal years then ended, and the related notes to the combined consolidated financial statements; and (2) the combined consolidated balance sheets as of January 29, 2024 and January 30, 2023, and the related combined consolidated statements of income, members' deficit, and cash flows for the fiscal years then ended, and the related notes to the combined consolidated financial statements.
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the audited combined consolidated financial statements for Hardee's SPV Guarantor LLC and its subsidiaries cover two fiscal year periods. These include the fiscal years ended January 27, 2025, and January 29, 2024.
These financial statements offer insight into Hardees's financial performance and position over the specified periods. A prospective franchisee can use this information to assess the financial health and stability of the Hardees brand.
It is important to note that these statements are combined and consolidated with Carl's Jr. SPV Guarantor LLC and its subsidiaries, reflecting the financial performance of both entities together. Additionally, the financial statements also include the combined consolidated balance sheets as of January 29, 2024 and January 30, 2023, and the related combined consolidated statements of income, members' deficit, and cash flows for the fiscal years then ended, and the related notes to the combined consolidated financial statements.