What was the revenue from franchised Hardees restaurants and other sources for Hardee's Restaurants LLC?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
| Revenue: Security Experiments Carl's Jr. Restaurants LLC Carl's Jr. SPV Guarantor LLC Hardee's Funding LLC Hardee's SPV Guarantor LLC Eliminations Security Enthalor Revenue: $ 112,928 $ - $ 255,914 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - | 368,842 292,713 661,555 | 368,842 292,713 661,555 |
|---|---|---|
| Company-operated restaurants $ 112,928 $ - $ - $ 255,914 $ - $ - $ - $ Franchised restaurants and other 175,402 5,643 - 117,311 12,594 - (18,237) Total revenue 288,330 5,643 - 373,225 12,594 - (18,237) 28,645 69,234 | 292,713 661,555 | |
| Franchised restaurants and other 175,402 5,643 — 117,311 12,594 — (18,237) Total revenue 288,330 5,643 — 373,225 12,594 — (18,237) Operating costs and expenses: Company-operated restaurants: Food and packaging 28,645 — 69,234 — — — | 292,713 661,555 | |
| Total revenue 288,330 5,643 — 373,225 12,594 — (18,237) Operating costs and expenses: Company-operated restaurants: Food and packaging 28,645 — 69,234 — — — | 661,555 | |
| Operating costs and expenses: Company-operated restaurants: 28,645 — — 69,234 — — — | ||
| Company-operated restaurants: Food and packaging 28,645 | ||
| Food and packaging | ||
| Described and other equals are horseful. | 97,879 | |
| Payroll and other employee benefits — 34,371 — — 88,269 — — — | 122,640 | |
| Occupancy and other 36,600 — — 86,253 — — (18,237) | 104,616 | |
| Total company-operated restaurants — 99,616 — — 243,756 — — (18,237) | 325,135 | |
| Franchised restaurants and other 68,884 | 93,626 | |
| Advertising — 6,889 — — 13,837 — — — | 20,726 | |
| General and administrative — (2,038) 24,442 — 213 25,336 — — | 47,953 | |
| Facility action charges, net | 2,183 | |
| Total operating costs and expenses | 489,623 | |
| Operating income (loss) — 87,366 (12,742) — — — | 171,932 | |
| Interest expense ——————————————————————————————————— | (61,863) | |
| Other income (loss), net | 4,790 | |
| Income (loss) before income taxes 118,236 66,269 61,153 82,120 41,798 36,915 (291,632) | 114,859 | |
| Income tax expense | 5,914 | |
| Net income (loss) $ 113,783 $ 66,269 |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, Hardee's Restaurants LLC had revenue of $122,587 from franchised restaurants and other sources. This figure represents the income generated specifically from franchise operations, including royalties, franchise fees, and rent, as opposed to revenue from company-operated restaurants.
For a prospective Hardees franchisee, this indicates the revenue stream that Hardee's Restaurants LLC derives from its franchisees. It is important to note that this revenue is based on a percentage of net sales of franchised restaurants, typically between 4% to 5%, as well as franchise fees and rent revenue. The stability and growth of this revenue stream are directly tied to the performance and expansion of the Hardees franchise system.
This figure does not include revenue from company-operated restaurants or other sources of income for the broader CKE Restaurants Holdings, Inc. It specifically isolates the revenue attributable to the Hardees franchising model. Franchisees should consider this figure in conjunction with other financial data in the FDD to assess the overall health and profitability of the Hardees franchise system.