Jack in the Box repeats view of operating EPS about $2.00 by FY14 Repeats long-term goal for Jack in the Box company SSS to increase 2-3% and Qdoba company SSS to increase 3-4%. Guidance issued in November repeated in slides for presentation at ICR XChange conference.
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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