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HARDEE'S FIRST QUARTER RESULTS REFLECT UPWARD TREND

 ROCKY MOUNT, N.C., May 4 /PRNewswire/ -- Hardee's Food Systems, Inc. today released its financial results for the first quarter ended March 31, 1993. The world's fourth largest restaurant company posted impressive gains in systemwide sales and operating earnings. First quarter earnings from operations were $1.3 million, up considerably from the loss of $10.5 million at this same time last year.
 Systemwide sales for the quarter were $1.1 billion, an increase of 7 percent over the first quarter total of $1 billion in 1992. Company revenues during the quarter were $450 million versus $426 million in 1992, for an increase of 6 percent.
 "I am extremely pleased that Hardee's positive momentum is continuing," said Robert F. Autry, Hardee's president and chief executive officer. "Exciting new products and service improvements are stimulating sales, and costs are well under control," he said.
 Hardee's, the fastest growing chain in the competitive sandwich category, continues to outperform its direct competitors in burgers and fried chicken. The company has successfully expanded its Frisco line of products, unrivaled in the industry. The line now includes the Frisco(TM) Grilled Chicken Sandwich, which is selling well without diluting sales from the popular Hardee's Frisco Burger(TM). Hardee's also is benefiting from the systemwide roll-out of Hardee's(R) Fresh Fried Chicken.
 Autry said: "While the market remains very competitive, Hardee's is on course to build on the strong earnings recovery which began in the latter half of 1992."
 Hardee's Food Systems, Inc., headquartered in Rocky Mount, N.C., operates a system of 4,000 company and franchise restaurants in 40 states and 11 foreign countries. Approximately 650 of the restaurants operate under the Roy Rogers trademark. Hardee's has expanded its hamburger and sandwich menu with fresh fried chicken, becoming the second largest chicken chain in the world.
 -0- 5/4/93
 /CONTACT: W. Maurice Bridges, Director, Public Affairs, Hardee's Food Systems, Inc., 919-977-8943/


CO: Hardee's Food Systems, Inc. ST: North Carolina IN: REA SU: ERN

MM -- CH009 -- 4291 05/04/93 11:47 EDT
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Publication:PR Newswire
Date:May 4, 1993
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