What were the total Hardees company-operated restaurant food and packaging costs reported in the CKE Securitization Entities Combining Consolidating Statement of Operations for fiscal year 2024?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
neral and administrative | . 63 | 22,295 | | (281) | 21,633 | _ | _ | 43,710 | | | | Facility action charges, net | (1,686) | | | 1,876 | | | | 190 | | | | Total operating costs and expenses | 175,907 | 22,295 | | 293,741 | 21,633 | | (19,200) | 494,376 | | | | Operating income (loss) | . 109,268 | (16,722) | _ | 92,523 | (8,007) | | _ | 177,062 | | | | Interest expense | (1,422) | (31,032) | _ | (5,319) | (30,999) | | _ | (68,772) | | | | Other income (loss), net | 1,143 | 104,400 | 60,034 | 517 | 86,881 | 47,162 | (298,893) | 1,244 | | | | Income (loss) before income taxes | 108,989 | 56,646 | 60,034 | 87,721 | 47,875 | 47,162 | (298,893) | 109,534 | | | | Income tax expense | 4,966 | | | 1,380 | | | | 6,346 | | | | Net income (loss) | $ 104,023 | $ 56,646 | $ 60,034 | $ 86,341 | $ 47,875 | $ 47,162 | $ (298,893) | $ 103,188 | | |
THE CKE SECURITIZATION ENTITIES COMBINING CONSOLIDATING STATEMENTS OF INCOME (In thousands)
| isca | |
|---|---|
| Carl's Jr. Restaurants LLC | Carl's Jr. Funding LLC | Carl's Jr. SPV Guarantor LLC | Hardee's Restaurants LLC | Hardee's Funding LLC | Hardee's SPV Guarantor LLC | Eliminations | The CKE Securitization Entities |
|---|
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the total food and packaging costs for Hardees company-operated restaurants, as reported in the CKE Securitization Entities Combining Consolidating Statement of Operations, were $69,234 (expressed in thousands). This figure represents the expenses Hardees incurred for food supplies and packaging materials used in its company-owned restaurants during fiscal year 2024.
For a prospective Hardees franchisee, understanding these costs is crucial for projecting their own potential expenses and profitability. While this figure reflects costs for company-operated stores, it provides a benchmark for estimating food and packaging expenses in a franchised location. Factors such as location, menu variations, and waste management practices can influence these costs for individual franchisees.
It's important to note that this figure is part of a larger table that includes data for Carl's Jr. restaurants as well, and also includes eliminations. The total food and packaging costs for both Carl's Jr. and Hardees company-operated restaurants is $97,879 (expressed in thousands). A franchisee should carefully review the entire financial statement and consider how their specific operational choices might impact their food and packaging expenses.
Prospective franchisees should also inquire about any potential cost-saving measures or preferred vendor relationships that Hardees has in place to help manage food and packaging expenses. Understanding these dynamics can aid in creating a realistic financial model for their franchise investment.