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Stock Market & Financial Investment News

News Breaks
February 21, 2013
12:00 EDTJACKJack in the Box shares higher after Q1 results beat expectations
Shares of restaurant operator Jack in the Box (JACK) are trading higher after its Q1 results beat consensus estimates. For the quarter, the company reported adjusted earnings per share of 54c, against estimates for 39c, and revenue of $465.5M, against estimates of $457.8M. Company same-store sales increased 2.1% in the quarter and system same-store sales increased 1.9%. Looking ahead, the company forecast Q2 SSS about flat at Jack in the Box company restaurants and flat to down 2% at Qdoba company restaurants. For FY13, the company sees ongoing earnings per share of $1.48-$1.63, against estimates for $1.55. SSS are expected to increase approximately 1.5%-2.5% at Jack in the Box company restaurants and about 1%-2% at Qdoba restaurants. The company sees overall commodity costs up by about 2%-3% for the fiscal year, with Jack in the Box forecasting beef costs up 4% and chicken prices up approximately 6%. Additionally, the company expects to open 20-25 new Jack in the Box restaurants and 70-85 new Qdoba restaurants, it said. Capital expenditures for the year are slated to come in at $95M-$105M and the tax rate is expected to be approximately 35%-36%. On the Q1 earnings conference call, the company said it plans to repurchase approximately $50M of stock over the next three quarters. Jack in the Box shares are trading up $1.76, or 5.87%, to $31.73 in late-morning trading.
News For JACK From The Last 14 Days
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January 20, 2015
09:01 EDTJACKJack in the Box price target raised to $100 from $88 at Wunderlich
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January 12, 2015
09:28 EDTJACKJack in the Box says refranchising effort 'substantially complete'
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09:19 EDTJACKMorgan Stanley events at 17th Annual ICR XChange Conference
Company Meetings to be held at the 17th Annual ICR XChange Conference in Orlando, Florida on January 12-13.
09:08 EDTJACKJefferies Events at 17th Annual ICR XChange Conference
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07:20 EDTJACKICR to hold a conference
17th Annual ICR XChange Conference is being held in Orlando, Florida on January 12-14.

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