Preliminary results show profitability at CKE
summary：CKE Restaurants, Inc. returned to profitability during the year based on preliminary, unaudited results....
For the year ended Jan. 31, the company projects an income of $20 million to $23 million, which compares with a loss of $11.3 million during the previous year. The company expects revenue of $1,326 million, up 4% from $1,280.3 million in 2012.For the fourth quarter ended Jan. 31, the company expects income of as much as $3 million, which compares with a loss of $1.1 million during the same quarter of the previous year. The company expects revenue of $294 million, up 2% from the same quarter of the previous year.
These preliminary results are subject to change.
The company also reported consolidated company-operated same-store sales increased 3% during the year and 2% during the fourth quarter. Same-store sales for Carl’s Jr. were up 2.9% during the fourth quarter and 3.6% during the year. Hardee’s same-store sales increased 1.1% during the fourth quarter and 2.3% during the year.