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CARPINTERIA, Calif. — CKE Restaurants Inc. has announced the sale of 26 restaurants as part of its ongoing strategic refranchising program that was announced in April 2007.
 
The initiative is expected to involve approximately 200 Hardee's locations in a number of markets across the Midwest and Southeast. To date, the company has sold 106 restaurants to franchisees and secured commitments for 44 new franchise restaurants under development agreements for those markets.
 
The 26 restaurants in Peoria and Quincy, Ill., were sold to Shree Krishna Food LLC. Shree Krishna also has committed to build six new Hardee's restaurant locations in these markets over the next six years.
 
As of the end of its fiscal 2008 second quarter, CKE Restaurants Inc., through its subsidiaries, had a total of 3,036 franchised, licensed or company-operated restaurants in 42 states and in 13 countries, including 1,111 Carl's Jr. restaurants and 1,909 Hardee's restaurants.

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