What was the food and packaging cost for company-operated Hardees restaurants?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
| Carl's Jr. Restaurants LLC | Carl's Jr. Funding LLC | Carl's Jr. SPV Guarantor LLC | Hardee's Restaurants LLC | Hardee's Funding LLC | Hardee's SPV Guarantor LLC | Eliminations | The CKE Securitization Entities | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue: | ||||||||||
| Company-operated restaurants | . $ 111,187 | $ | $ | $ 272,117 | $ | $ | $ | $ 383,304 | ||
| Franchised restaurants and other | 173,988 | 5,573 | 114,147 | 13,626 | (19,200) | 288,134 | ||||
| Total revenue | 285,175 | 5,573 | 386,264 | 13,626 | (19,200) | 671,438 | ||||
| Operating costs and expenses: | ||||||||||
| Company-operated restaurants: | ||||||||||
| Food and packaging | 26,976 | _ | 71,775 | _ | _ | _ | 98,751 | |||
| Payroll and other employee benefits | 38,263 | _ | 91,414 | _ | _ | _ | 129,677 | |||
| Occupancy and other | 37,063 | 90,856 | (19,200) | 108,719 | ||||||
| Total company-operated restaurants | 102,302 | _ | 254,045 | _ | _ | (19,200) | 337,147 | |||
| Franchised restaurants and other | . 68,453 | _ | 23,113 | _ | _ | _ | 91,566 | |||
| Advertising | 6,775 | _ | 14,988 | _ | _ | _ | 21,763 | |||
| General and administrative | . 63 | 22,295 | (281) | 21,633 | _ | _ | 43,710 | |||
| Facility action charges, net | (1,686) | 1,876 | 190 | |||||||
| Total operating costs and expenses | 175,907 | 22,295 | 293,741 | 21,633 | (19,200) | 494,376 | ||||
| Operating income (loss) | . 109,268 | (16,722) | _ | 92,523 | (8,007) | _ | 177,062 | |||
| Interest expense | (1,422) | (31,032) | _ | (5,319) | (30,999) | _ | (68,772) | |||
| Other income (loss), net | 1,143 | 104,400 | 60,034 | 517 | 86,881 | 47,162 | (298,893) | 1,244 | ||
| Income (loss) before income taxes | 108,989 | 56,646 | 60,034 | 87,721 | 47,875 | 47,162 | (298,893) | 109,534 | ||
| Income tax expense | 4,966 | 1,380 | 6,346 | |||||||
| Net income (loss) | $ 104,023 | $ 56,646 | $ 60,034 | $ 86,341 | $ 47,875 | $ 47,162 | $ (298,893) | $ 103,188 |
THE CKE
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
I am unable to provide the exact food and packaging costs for company-operated Hardees restaurants, as this specific financial data is not disclosed in the provided excerpts from the 2025 Franchise Disclosure Document. The excerpts focus on revenue recognition, advertising expenses, facility action charges, and other financial aspects such as share-based compensation and gift card liabilities.
While the excerpts do provide a breakdown of revenue for company-operated Hardees restaurants, it does not detail the specific costs associated with food and packaging. The revenue figures available show that company-operated Hardees restaurants generated $255,914 in revenue. However, understanding the costs of goods sold, including food and packaging, is crucial for assessing the profitability of these restaurants.
A prospective Hardees franchisee should directly inquire with the franchisor about the typical food and packaging costs as a percentage of revenue for company-operated restaurants. This information is essential for developing accurate financial projections and understanding the potential profit margins of a Hardees franchise.