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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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November 25, 2014
12:06 EDTJACKFDA finalizes menu calorie labeling rules
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07:50 EDTJACKJack in the Box price target raised to $85 from $77 at Wunderlich
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06:51 EDTJACKFDA to force calorie restaurants, theaters to show calorie totals, NY Times says
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November 20, 2014
08:49 EDTJACKJack in the Box price target to $81 but not longer a top pick at BofA/Merrill
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November 19, 2014
11:50 EDTJACKJack in the Box sees commodities a headwind in 2015, particularly in 1H
Says not pursuing deep discounting at the expense of margins.Says committed to returning cash to shareholders. Sees commodity costs up approximately 3% for FY15, sees higher inflation in first two quarters. Sees inflation 4%-5% in Q1 driven by substantially higher beef costs. Sees commodities a headwind to margins to both brands in 2015, particularly in 1H. Sees higher minimum wage affecting margins by 50bps-60bps. Sees FY15 CapEx $90M-$100M. Comments made on the Q4 earnings conference call. Jack in the Box shares are up 5.06% to $75.12 in late morning trading.
09:16 EDTJACKOn The Fly: Pre-market Movers
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November 18, 2014
18:23 EDTJACKOn The Fly: After Hours Movers
UP AFTER EARNINGS: La-Z-Boy (LZB), up 4.7% after reporting second quarter results and dividend increase... Jack in the Box (JACK), up 2.7%... PetSmart (PETM), up 1.9%. ALSO HIGHER: Popeyes Louisiana Kitchen (PLKI), up 1.6% after Red Mountain Capital Partners reported a 5.1% stake in the company. DOWN AFTER EARNINGS: Vipshop Holdings (VIPS), down 4.6%. ALSO LOWER: Cloud Peak (CLD), down 1.7% after filing to sell $100M of mandatory convertible preferred stock.
16:09 EDTJACKJack in the Box sets long-term annual SSS growth target of 2%-3%
The company today provided long-term goals for FY16-FY18. The company expects annual SSS growth of 2%-3% at Jack in the Box company restaurants and in the mid-single-digit range at Qdoba company restaurants. Restaurant operating margin of 19%-20%. G&A of 3.5%-3.8% of consolidated system-wide sales. Jack in the Box system new unit growth of approximately 1%-2% per year. Qdoba company new unit growth of approximately 40-70 restaurants per year and franchise unit growth of 30-40 restaurants per year.
16:07 EDTJACKJack in the Box sees FY15 operating EPS $2.73-$2.88, consensus $2.81
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16:05 EDTJACKJack in the Box sees Q1 SSS up 1%-2%
Sees Q1 Qdoba SSS up 8%-10%.
16:04 EDTJACKJack in the Box reports Q4 operating EPS 54c, consensus 53c
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15:31 EDTJACKJack in the Box technical remarks before earnings
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15:21 EDTJACKNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Vipshop Holdings (VIPS), consensus 7c; M/A-Com Technology (MTSI), consensus 33c; La-Z-Boy (LZB), consensus 34c; PetSmart (PETM), consensus 94c; Jack in the Box (JACK), consensus 53c.

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