CKE Restaurants Inc. reported mixed results for its two brands in February, with winter weather taking a toll at Hardee's but new products helping sales at Carl's Jr.
Blended same-store sales fell 4.2 percent for the four weeks ended Feb. 22, compared with a drop of 0.6 percent the same period last year, said CKE, which recently agreed to a $918 million acquisition offer from a private-equity firm.
Carl’s Jr. saw same-store sales trends improve, with a drop of 2.6 percent in February, compared with a 3.6-percent decrease a year ago. CKE credited strong sales of the Grilled Cheese Bacon Burger and the new line of Grilled Chicken Salads for the improvement.
At Hardee’s, same-store sales dropped 6.2 percent, compared with a 3.2-percent increase the same period last year. Andrew Puzder, CKE's chief executive, blamed the difficult comparisons as well as severe winter weather in the Midwest and Southeast, Hardee’s core markets.
Winter weather hurts CKE sales
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