News Breaks |
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| February 21, 2013 |
| 12:00 EDT |  | JACK | Jack 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. |
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News For JACK From The Last 14 Days Check below for free stories on JACK the last two weeks. |
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| May 22, 2013 |
| 11:49 EDT |  | JACK | Jack in the Box management to meet with Oppenheimer
Meeting to be held in Texas on May 28 hosted by Oppenheimer. |
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| May 16, 2013 |
| 10:03 EDT |  | JACK | On The Fly: Analyst Downgrade Summary
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| 07:38 EDT |  | JACK | Jack in the Box outlook still positive, says Oppenheimer
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| 06:40 EDT | | JACK | 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. |
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| May 15, 2013 |
| 16:11 EDT |  | JACK | 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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| 16:08 EDT | | JACK | Jack in the Box sees Q3 SSS up approximately 1%-3%
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| 16:07 EDT | | JACK | Jack in the Box reports Q2 adjusted EPS 33c, consensus 31c
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| 15:11 EDT | | JACK | Notable companies reporting after market close
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