What was the net change in the number of company-operated Hardees restaurants during the fiscal year 2025?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 71–84)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the net change in the number of company-operated restaurants during the 2025 fiscal year was a decrease of 2 restaurants. At the start of 2025, there were 204 company-operated Hardees restaurants, and by the end of the year, that number had decreased to 202. This indicates a slight contraction in the number of company-operated locations.
This information is relevant for prospective franchisees as it provides insight into the operational strategy of Hardees. A decrease in company-operated stores could suggest a greater focus on franchising as a growth model, or it could reflect broader strategic decisions about resource allocation and market presence. Understanding the balance between franchised and company-operated stores can help franchisees gauge the level of support and competition they might expect from the parent company.
It's important to note that Hardees's fiscal year runs from the Tuesday subsequent to the last Monday in January through the last Monday in January of the next calendar year. This detail is crucial for accurately interpreting the data presented in the FDD, as it aligns the reported figures with the correct time frame. Franchisees should consider these trends in conjunction with other factors, such as franchise openings and closures, to form a comprehensive view of the brand's performance and strategic direction.