October 11, 2004

Chain Update: McDonald’s, CKE And Others

A number of major chain restaurants have announced significant financial or operational news in recent days.

McDonald’s has released its system-wide and same-store sales results for the month of September. In the United States, McDonald’s reported a same-store sales increase of 10.6% compared to the same period a year earlier. Domestic overall sales grew by 11.2%. Restaurants in Europe reported a same-store sales decline of 0.6%. The company also announced that it anticipates reporting earnings per share for the third quarter of about $0.61, including one-time items.

CKE Restaurants has announced its same-store sales for the four-week period that ended on Oct. 4. The Carl’s Jr. concept increased its same-store sales by 8.8% compared to the same time last year, while Hardee’s same-store sales grew by 5.1%.

Denny’s has reported that its same-store sales for the five weeks that ended on Sept. 29 increased by 7% compared to the year-ago period. The average guest check grew by 4.6% during the period and guest counts increased by a total of 2.3%. For the full quarter ending on Sept. 29, the company’s same-store sales increased by 6.8%, with its guest-check average up by 3.8% and guest counts increasing 2.9% compared to the same quarter last year.

IHOP has released its sales results for the quarter that ended on Sept. 30. The company’s same-store sales increased by 5.3% compared to the year-ago quarter, while system-wide sales climbed by 5.6%.

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