What was the total amount of closed store expenses for Hardees in fiscal year 2023?

According to Hardees's 2025 Franchise Disclosure Document, the company closed all restaurants operated by their Shanghai business during the fiscal year ended January 31, 2023. However, the document does not specify the total expenses incurred from these closures.

While the FDD mentions the closure of the Shanghai business, it does not provide a specific figure for the associated expenses. Instead, it generally discusses the impact of the closure. The financial statements included in the FDD provide details on various assets, liabilities, and expenses, but not a specific line item for closed store expenses related to the Shanghai business or any other closures during fiscal year 2023.

Therefore, a prospective Hardees franchisee should directly ask the franchisor for the specific amount of closed store expenses related to the Shanghai business for fiscal year 2023 to gain a clearer understanding of the financial impact of such closures. This information would be helpful in assessing the potential risks and costs associated with Hardees's international operations and closures.