The bottom line: Net income of $11.7 million. It's a significant improvement from last year's quarter, when the company turned in a net loss of $5.8 million on the back of slumping same-store sales at both chains. At the time, the company complained of industry discounting -- we've discussed the Burger Wars before -- as well as mistimed media and product campaigns and training costs. Even then, however, CKE hinted at better days to come.
Rick Aristotle Munarriz took a look at the company's fiscal 2004 results back in April, and had good things to say. Fact is, Hardee's is a solid player in the game that includes McDonald's
All told, it's fairly remarkable how resilient and responsive fast-food chains have been in recent months. They've moved the market upscale with high-margin items like salads -- I heard folks praising McDonald's greener offerings this weekend. They've responded to the low-carb craze with items like Carl's Jr.'s preposterous "1 lb. Double Six Dollar Burger."
Everyone's supposedly talking health these days. But if you'd put your money in a value pack of fast-food stocks 12 months ago, you might have done pretty well against the S&P 500. It seems that demand for quick, filling meals at competitive prices isn't going anywhere, the evils of white bread and mayonnaise be hanged -- and CKE investors have reaped the benefits of that revelation over the past year.
Fool contributor Dave Marino-Nachison doesn't own any companies in this article.
More from The Motley Fool
What's Juno Therapeutics Worth to Celgene?
Celgene may be considering a multibillion-dollar bid to acquire Juno.
PTC Inc. (PTC) Q1 2018 Earnings Conference Call Transcript
PTC earnings call for the period ending December 31, 2017.
Why Ascena Retail Group Inc. Stock Plunged 62% in 2017
The parent company of maurices just finished a tough year. Here's what investors need to know.