What were the total operating costs and expenses for company-operated Hardees restaurants related to payroll and other employee benefits?
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 payroll and other employee benefits for company-operated restaurants were $129,677 in fiscal year 2025 and $122,640 in fiscal year 2024. This is part of the total operating costs and expenses for company-operated restaurants, which also includes costs for food and packaging, and occupancy.
For a prospective Hardees franchisee, understanding these costs is crucial for financial planning. Payroll and benefits are a significant expense category, and fluctuations from year to year can impact profitability. Monitoring these figures helps in forecasting expenses and managing resources effectively.
The FDD provides historical data, but future costs may vary due to factors like changes in minimum wage, healthcare costs, and local market conditions. Therefore, it is important for potential franchisees to conduct thorough market research and consider these variables when projecting their own operating expenses. Franchisees should also inquire about any additional training or support Hardees provides to help manage and control labor costs.