What was the total revenue from franchised restaurants and other sources for Hardees in fiscal year 2024?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
| Jan | uary 31, 2024 | Jan | uary 31, 2023 | |
|---|---|---|---|---|
| ASSETS | . ' | _ | ||
| Current assets: | ||||
| Cash and cash equivalents | . $ | 130,566 | $ | 107,853 |
| Cash and cash equivalents - restricted | 15,942 | 16,053 | ||
| Accounts receivable, net | 38,438 | 37,541 | ||
| Inventories | 3,029 | 2,999 | ||
| Prepaid expenses | 13,562 | 6,183 | ||
| Other current assets | 80 | 83 | ||
| Total current assets | 201,617 | " | 170,712 | |
| Property and equipment, net | 377,436 | 371,572 | ||
| Operating lease assets | 424,719 | 448,064 | ||
| Goodwill | 539,421 | 540,083 | ||
| Intangible assets, net | 777,538 | 793,030 | ||
| Other assets, net | 40,485 | 29,806 | ||
| Total assets | . $ | 2,361,216 | $ | 2,353,267 |
| LIABILITIES AND EQUITY | ||||
| Current liabilities: | ||||
| Current portion of long-term debt | . $ | 11,800 | $ | 13,700 |
| Current portion of finance leases | 1,515 | 1,268 | ||
| Current portion of operating leases | 79,623 | 85,529 | ||
| Accounts payable | 23,855 | 28,159 | ||
| Other current liabilities. | 71,641 | 66,753 | ||
| Total current liabilities | 188,434 | 195,409 | ||
| Long-term debt, less current portion | 1,108,022 | 1,116,405 | ||
| Finance leases, less current portion | 23,370 | 14,428 | ||
| Operating leases, less current portion | 366,233 | 381,495 | ||
| Deferred income tax liabilities, net | 171,393 | 175,131 | ||
| Other long-term liabilities | 263,631 | 277,497 | ||
| Total liabilities | 2,121,083 | 2,160,365 | ||
| 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, 2024 and 2023 | • | _ | _ | |
| Additional paid-in capital | 736,438 | 734,314 | ||
| Accumulated deficit | (495,148) | (540,277) | ||
| Accumulated other comprehensive loss | (1,157) | (1,135) | ||
| Total equity | 240,133 | 192,902 | ||
| Total liabilities and equity | 2,361,216 | $ | 2,353,267 |
CKE RESTAURANTS HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands)
| |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the total revenue from franchised restaurants and other sources for the fiscal year 2024 was $299,954. This figure represents the income Hardees received from its franchised locations and other related activities during that period.
For a prospective franchisee, this number indicates the scale of the franchised side of Hardees's business and its contribution to the overall revenue. It is important to note that this revenue does not represent the gross sales of the franchised restaurants, but rather the royalties, fees, and other payments remitted by franchisees to Hardees.
Understanding this revenue stream is crucial for potential franchisees as it provides insight into the financial relationship between Hardees and its franchisees. It also demonstrates the stability and potential growth of the franchise network, which can influence a franchisee's investment decision. This figure can be compared to previous years to identify trends and assess the overall financial health of the Hardees franchise system.