Jack in the Box says to incur incremental restructuring charges in FY13 Says charges will not be to the magnitude of those in FY12. Comments made on the Q4 earnings conference call.
News For JACK From The Last 14 Days
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Jack in the Box downgraded to Outperform from Top Pick at RBC Capital RBC Caital downgraded Jack in the Box to Outperform due to valuation. Price target raised to $45 from $38.
Jack in the Box sees FY13 EPS $1.55-$1.65, consensus $1.61 Sees FY13 SSS up approximately 1.5%-2.5%. FY13 SSS are expected to be approximately flat to up 1% at Qdoba company restaurants. Approximately 20 new Jack in the Box restaurants are expected to open, including approximately 6 company locations; 70-75 new Qdoba restaurants are expected to open, of which approximately 40 are expected to be company locations. Capital expenditures are expected to be $95-$105M.
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