News Breaks |
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| November 19, 2012 |
| 17:07 EDT |  | JACK | Jack in the Box provides 2014-2016 long-term goals
Targets SSS sales growth of 2% to 3% annually at Jack in the Box company restaurants and 3% to 4% annually at Qdoba company restaurants. Restaurant operating margin of 16% to 16.5% beginning in FY14. Operating earnings per share of approximately $2.00 beginning in FY14. |
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News For JACK From The Last 14 Days Check below for free stories on JACK the last two weeks. |
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| June 18, 2013 |
| 14:31 EDT |  | JACK | Jack in the Box added to Focus List at B. Riley
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| 07:42 EDT | | JACK | Jack in the Box Qdoba closings positive, says Oppenheimer
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| 06:36 EDT |  | JACK | Jack in the Box volatility low, plans to close 67 of its Qdoba restaurants
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| June 17, 2013 |
| 17:03 EDT | | JACK | Jack in the Box says substantially completed review of Qdoba restaurants
Jack in the Box announced that it has substantially completed its previously disclosed review of market performance for its Qdoba Mexican Grill brand. As a result of this comprehensive review, the company plans to close 67 of its company-operated Qdoba restaurants by the end of FY13, which ends Sept. 29. As of the end of Q2, Qdobas system included 647 restaurants, of which 340 were company-operated. The company currently estimates it will incur pre-tax charges during FY13 of approximately $40M, including an estimated $28M in non-cash impairment charges and approximately $12M in charges related to cash lease obligations and employee severance costs. The company will update the estimated pre-tax charges, if necessary, related to the restaurant closures when it reports its Q3 results in August. Company says that in FY14, it expects to open 60-70 new Qdoba restaurants, half of which will be company locations. |
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| 07:23 EDT |  | JACK | Jefferies to host a conference
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