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CKE Charts Steady Path

CARPINTERIA, CA-Five Hardee's and 15 Carl's Jr. units will open this year. Performance dictates expansion pace.

By Marita Thomas | Updated on June 27, 2006

CARPINTERIA, CA-With same-store sales at both its Hardee’s and Carl’s Jr. restaurants recording 5.6% gains for the first quarter, compared with the same quarter a year ago, locally based CKE Restaurants Inc. keeps a steady eye on performance as it charts a measured expansion of company-owned units. Five new Hardee’s and 15 Carl’s Jr. units are planned for the rest of this year.

While the company would like to open a minimum of 50 company-owned units a year for the next three to four years, “we won’t build most of the new stores up until we see results from the handful we are doing,” said Andy Puzder, chairman and CEO, during a conference call.

He also said that despite their good performance, “we can’t delay remodels, especially of Carl’s Jr. units, any longer,” although he did not disclose the pace of remodels. The company plans $650 million in capital expenditures over the next five years.

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