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February 20, 2013
16:16 EDTJACKJack in the Box reports adjusted Q1 EPS 54c, consensus 39c
Reports revenue $465.5, consensus $457.8 .Linda A. Lang, chairman and chief executive officer, said, “Jack in the Box company same-store sales increased 2.1 percent and system same-store sales increased 1.9 percent in the first quarter. Jack in the Box system same-store sales growth for the quarter exceeded that of the QSR sandwich segment for the comparable period, according to The NPD Group’s SalesTrack Weekly for the 16-week time period ended January 20, 2013. Included in this segment are the top 15 sandwich and QSR burger chain competitors.
News For JACK From The Last 14 Days
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June 19, 2013
07:25 EDTJACKChipotle won't benefit significantly from Qdoba closures, says Wells Fargo
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June 18, 2013
14:31 EDTJACKJack in the Box added to Focus List at B. Riley
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07:42 EDTJACKJack in the Box Qdoba closings positive, says Oppenheimer
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06:36 EDTJACKJack in the Box volatility low, plans to close 67 of its Qdoba restaurants
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June 17, 2013
17:03 EDTJACKJack 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, Qdoba’s 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.
07:23 EDTJACKJefferies to host a conference
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