Regarding the Hardees financial statements, what years are covered by the consolidated statements of operations, comprehensive income, equity, and cash flows?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
Also attached as Exhibit K are the audited consolidated financial statements for HR's indirect corporate parent, CKE Restaurants Holdings, Inc. ("CKR") (formerly known as CKE Restaurants, Inc.), which comprise (1) consolidated balance sheets as of January 27, 2025 and January 29, 2024, and the related consolidated statements of operations, comprehensive income, equity, and cash flows for the fiscal years then ended, and the related notes to the consolidated financial statements; and (2) consolidated balance sheets as of January 29, 2024 and January 30, 2023, and the related consolidated statements of operations, comprehensive income, equity, and cash flows for the fiscal years then ended, and the related notes to the consolidated financial statements. As noted in Item 1, CKR will be providing required support and services
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the audited consolidated financial statements for CKE Restaurants Holdings, Inc. (CKR), Hardees's indirect corporate parent, include consolidated statements of operations, comprehensive income, equity, and cash flows. These statements cover the fiscal years ending January 27, 2025, January 29, 2024, and January 30, 2023.
Specifically, the financial statements comprise two sets of data. The first set includes consolidated balance sheets as of January 27, 2025, and January 29, 2024, along with the related statements for the fiscal years then ended. The second set includes consolidated balance sheets as of January 29, 2024, and January 30, 2023, with their corresponding statements for those fiscal years.
This information is crucial for prospective Hardees franchisees as it provides insight into the financial performance of Hardees's parent company over the past three fiscal years. Reviewing these statements can help potential franchisees assess the financial stability and overall health of the Hardees organization, which can influence their decision to invest in a franchise.