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News For JACK From The Last 14 Days
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August 7, 2014
12:21 EDTJACKJack in the Box says breakfast, late night drove Q3 SSS results
Says consistent speed of service also contributing to SSS growth. Says Qdoba brand well-positioned for future growth. Expects to open 5-7 Qdoba restaurants in Q4. Says expects beef costs to increase 5%-6% for full year. For FY15: Expects 2%-3% commodity inflation, expects to open about 60 Qdoba restaurants with most weighted towards back half of year, sees CapEx $90-$100M, sees margin expansion. Says Qdoba roll out in very early stages. Expects to be fairly cautious on pricing in FY15. Says will continue to focus on late night, but product innovation will drive sales. Says continuing to take market share in difficult environment. Comments from Q3 earnings conference call.

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