What was the net change in the number of company-operated Hardees restaurants during 2023?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
u receive any other financial performance information or projections of your future income, you should report it to the franchisor's management by contacting Kerry Olson, Chief People and Legal Officer, 6700 Tower Circle, Suite 1000, Franklin, TN 37067, (615) 538-9260, the Federal Trade Commission, and the appropriate state regulatory agencies.
ITEM 20 OUTLETS AND FRANCHISEE INFORMATION
Table No. 1 Systemwide Restaurant Summary For Fiscal Years 2023-2025(1)
| Restaurant Type | Year | Restaurants at Start of the Year | Restaurants at End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2023 | 1552 | 1512 | -40 |
| 2024 | 1512 | 1394 | -119 | |
| 2025 | 1394 | 1,369 | -24 | |
| Company- | 2023 | 202 | 195 | -7 |
| Operated | ||||
| 2024 | 195 | 204 | +9 | |
| 2025 | 204 | 202 | -2 | |
| Total | 2023 | 1754 | 1707 | -47 |
| Restaurants | ||||
| 2024 | 1707 | 1598 | -110 | |
| 2025 | 1598 | 1,571 | -26 |
**Systemwide Dual Concept Restaurant Summary* For Fiscal Years 2023-2025(1
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 71–84)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, there are two tables showing the status of restaurants. One table includes both standard restaurants and dual-concept restaurants, while the other specifically tracks dual-concept restaurants.
According to the first table, in 2023, the net change in the number of company-operated Hardees restaurants was -7. This means that Hardees had 7 fewer company-operated restaurants at the end of 2023 than it did at the beginning of the year. The number of company-operated restaurants started at 202 and ended at 195.
The second table shows that the net change in company-operated dual-concept Hardees restaurants was -8. This means that Hardees had 8 fewer company-operated dual-concept restaurants at the end of 2023 than it did at the beginning of the year. The number of company-operated dual-concept restaurants started at 12 and ended at 4.