RISE - Menu Monitor

Hardee’s sold 34 restaurants in North Carolina to Boddie-Noell Enterprises as part of its ongoing strategic refranchising
program. Boddie-Noell committed to developing eight new Hardee’s units in the market over the next five years. To date, the
company has sold 80 locations to franchisees and secured commitments for 38 new franchise locations under development
agreements in the Midwest and Southeast. (Company Release 8/28/07)
CKE Restaurants Inc. reported combined same-store sales growth of 2.8% in October and 1.7% for the quarter ended
November 5, compared to the same periods in 2006. The company’s Hardee's same-store sales rose 2.7% for the quarter,
while its Carl's Jr. brand increased by 0.7%. CKE said sales at both of its brands benefited from a price increase implemented
in October. Both chains also instituted an additional price boost at the beginning of November to offset higher operating costs.
Total sales for the third quarter for company-owned restaurants were $273.2 million. (Yahoo! Finance 11/14/07)
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