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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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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.
August 6, 2014
18:54 EDTJACKOn The Fly: After Hours Movers
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16:20 EDTJACKJack in the Box raises FY14 EPS view to $2.38-$2.45 from $2.25-$2.35
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16:19 EDTJACKJack in the Box rallies after results, first look
The shares are up 4.6% to $58 in the extended session following a beat on earnings. At current price next resistance is at $58.61 and then at $59.45. Support is at $57.29.
16:17 EDTJACKJack in the Box sees Q4 SSS up approximately 1.5%-2.5%
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16:15 EDTJACKJack in the Box reports Q3 adjusted EPS 65c, consensus 57c
Reports Q3 revenue $348.5M, consensus $343.27M. Jack in the Box company same-store sales increased 2.4% for the quarter.
15:30 EDTJACKNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Prudential (PRU), consensus $2.35; CenturyLink (CTL), consensus 64c; Symantec (SYMC), consensus 42c; Transocean (RIG), consensus $1.12; CF Industries (CF), consensus $6.71; QEP Resources (QEP), consensus 33c; Integrys Energy (TEG), consensus 45c; Dun & Bradstreet (DNB), consensus $1.35; Energy Transfer (ETE), consensus 33c; Plains All American (PAA), consensus 50c; Concho Resources (CXO), consensus 97c; Antero Resources (AR), consensus 37c; Keurig Green Mountain (GMCR), consensus 88c; Twenty-First Century Fox (FOXA), consensus 38c; American Water Works (AWK), consensus 64c; Alliant Energy (LNT), consensus 61c; Sunoco Logistics Partners (SXL), consensus 37c; Regency Energy (RGP), consensus 16c; Envision Healthcare (EVHC), consensus 25c; AMERCO (UHAL), one estimate $6.36; zulily (ZU), consensus 4c; Jack in the Box (JACK), consensus 57c.

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