What were the total operating costs and expenses for company-operated Hardees restaurants related to food and packaging?
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 operating costs and expenses for company-operated restaurants related to food and packaging were $98,751 for fiscal year 2025 and $97,879 for fiscal year 2024. This indicates a slight increase in food and packaging costs from 2024 to 2025.
These figures represent a significant portion of the total operating costs for company-operated Hardees restaurants. In 2025, total company-operated restaurant costs were $339,285, with food and packaging accounting for approximately 29% of that total. In 2024, total company-operated restaurant costs were $327,169, with food and packaging also accounting for approximately 30%.
For a prospective Hardees franchisee, understanding these costs is crucial for financial planning and assessing profitability. Fluctuations in food and packaging expenses can significantly impact the bottom line, so it's important to monitor these costs closely and implement strategies to manage them effectively. Factors that can influence these costs include commodity prices, supply chain efficiencies, and waste management practices.