What were the total operating costs and expenses for Hardees 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 total operating costs and expenses for the company were $761,100 in fiscal year 2025. This figure includes several components, such as costs associated with company-operated restaurants, franchised restaurants, advertising, general and administrative expenses, and facility action charges.
Specifically, the costs for company-operated restaurants included food and packaging ($98,751), payroll and other employee benefits ($129,677), and occupancy and other expenses ($110,857), totaling $339,285. Additional operating costs included franchised restaurants and other expenses ($102,304), advertising fund expenses ($197,885), general and administrative costs ($121,416), and facility action charges, net ($210).
Prospective franchisees should understand these costs represent the overall financial obligations of Hardees as a company, not necessarily the expenses they will incur as individual franchise owners. However, reviewing these figures can provide insight into the various expenses involved in operating the Hardees business model. Understanding these costs can help a franchisee better prepare for and manage their own business finances.