Cke Restaurants, Inc. Announces Delay Of Addition To Standard & Poor's Small Cap 600 Index

Thursday, October 05, 2006

CKE Restaurants, Inc. (NYSE: CKR) announced today that it has been notified by Standard & Poor's that the Company's addition to the Small Cap 600 index has been delayed. The Company was originally scheduled to be added to the index after the close of trading Thursday, Oct. 5.

The Company is slated to replace Ryan's Restaurant Group, Inc., which is being acquired by Buffets, Inc. Ryan's shareholders have approved the proposed transaction, which is subject to the receipt of financing. The acquisition is currently scheduled to close in late October or early November.

Further updates on the Company's addition to the index will be posted on Standard & Poor's website: www.standardandpoors.com.

As of the second fiscal quarter ended Aug. 14, 2006, CKE Restaurants, Inc., through its subsidiaries, had a total of 3,131 franchised, licensed or company-operated restaurants in 43 states and in 13 countries, including 1,072 Carl's Jr.(R) restaurants, 1,945 Hardee's(R) restaurants and 98 La Salsa Fresh Mexican Grill(R) restaurants.

SAFE HARBOR DISCLOSURE Matters discussed in this news release contain forward-looking statements relating to future plans and developments, financial goals and operating performance that are based on management's current beliefs and assumptions.

Such statements are subject to risks and uncertainties that are often difficult to predict, are beyond the Company's control and which may cause results to differ materially from expectations. Factors that could cause the Company's results to differ materially from those described include, but are not limited to, whether or not restaurants will be closed and the number of restaurant closures, consumers' concerns or adverse publicity regarding the Company's products, the effectiveness of operating initiatives and advertising and promotional efforts (particularly at the Hardee's brand), changes in economic conditions or prevailing interest rates, changes in the price or availability of commodities, availability and cost of energy, workers' compensation and general liability premiums and claims experience, changes in the Company's suppliers' ability to provide quality and timely products to the Company, delays in opening new restaurants or completing remodels, severe weather conditions, the operational and financial success of the Company's franchisees, franchisees' willingness to participate in the Company's strategies, the availability of financing for the Company and its franchisees, unfavorable outcomes in litigation, changes in accounting policies and practices, effectiveness of internal controls over financial reporting, new legislation or government regulation (including environmental laws), the availability of suitable locations and terms for the sites designated for development, and other factors as discussed in the Company's filings with the Securities and Exchange Commission.

Forward-looking statements speak only as of the date they are made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law or the rules of the New York Stock Exchange.

La Salsa Fresh Mexican Grill News and Press Releases

This article has been read 1525 times.

Would you like to own a La Salsa Fresh Mexican Grill Franchise?

For more information about becoming a La Salsa Fresh Mexican Grill Franchise owner, including a franchise overview, start-up costs, fees, training and more, please visit our La Salsa Fresh Mexican Grill Franchise Information page.

Or complete our free franchise advise form for a consultation about La Salsa Fresh Mexican Grill Franchise or any other franchise listed on The Franchise Mall.

La Salsa Fresh Mexican Grill Logo

La Salsa Fresh Mexican Grill
9311 E. Via De Ventura
Scottsdale, AZ

Toll Free: (866) 4-KAHALA

La Salsa Fresh Mexican Grill Franchise Information

Share This Page!


FREE FRANCHISE ADVICE

First Name:
Last Name:
Address:
City:
State: (US inquiries only please)
Zip:
Phone:
Email:
Capital to Invest

(Min $50k Investment)
Investment Timeframe:

Can I use my 401K or IRA
to buy a business?

Submit your request for a
FREE Franchise Consultation.