What was the total amount of money Hardees spent on payroll and other employee benefits for company-operated restaurants in fiscal year 2025?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
Long-term debt, less current portion | | 1,112,394 | | 1,108,022 | | Finance leases, less current portion | | 21,279 | | 23,370 | | Operating leases, less current portion | | 338,608 | | 366,233 | | Deferred income tax liabilities, net | | 159,524 | | 171,393 | | Other long-term liabilities | | 246,968 | | 263,631 | | Total liabilities | | 2,061,428 | | 2,121,083 | | Commitments and contingencies (Notes 8, 9, 10 and 14) | | | | | | Equity: | | | | | | Common stock, $0.01 par value; 100 shares authorized, issued and outstanding as of January 31, 2025 and 2024 | | _ | | | | Additional paid-in capital | | 736,970 | | 736,438 | | Accumulated deficit | | (564,357) | | (495,148) | | Accumulated other comprehensive loss | | (504,557) $(55)$ | | (1,157) | | Total equity | | 172,558 | | 240,133 | | Total liabilities and equity | | 2,233,986 | $ | 2,361,216 | | rotal natimites and equity | . Ψ | 4,433,960 | Ψ | 4,501,410 |
CKE RESTAURANTS HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands)
| Fiscal 2025 | Fiscal 2024 |
|---|
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the company-operated restaurants' payroll and other employee benefits totaled $129,677 in fiscal year 2025. For comparison, in fiscal year 2024, the amount was $122,640. This figure represents a significant operating cost for Hardees's company-operated restaurants.
For a prospective franchisee, understanding these costs is crucial. While franchisees are responsible for their own restaurant's payroll and benefits, this figure provides insight into the labor expenses within the Hardees system. It can be used as a benchmark when creating financial projections for a franchised location. Factors such as location, local wage laws, and employee benefits packages will influence the actual costs for a franchisee.
It's important to note that these figures are for company-operated restaurants and may not directly translate to franchised locations. However, they offer a valuable reference point for understanding the scale of labor-related expenses within the Hardees business model. Franchisees should conduct thorough market research and consult with financial advisors to accurately estimate their own payroll and benefit costs.