The results were much better than the same year-ago period, when same-store sales were down 3.2% for both chains. Hardee's fell 4.5% and Carl's Jr. was down 1.8% during that stretch.

Executives credited the a decrease in gasoline prices and an effective advertising strategy for the favorable recent results. It was the 11th straight month that the company posted a same-store sales gain.

Company-owned Hardee's brought in $50.6 million of revenue during the month, and Carl's Jr. also collected $50.6 million. The company's 98 La Salsa Mexican-restaurant chain, for which the company did not release same-store sales data, had $3.3 million in revenue.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.