Jack in the Box sees roughly 3% inflation in Q3 Says continued to see an acceleration of breakfast sales through the first four weeks of the current quarter. Says has chosen not to pursue discounting at the expense of margin. Says for the first four weeks of this quarter are trending above the Q3 SSS view of 2%-3% growth at Jack in the Box and 3%-4% growth at Qdoba, even with the negative impact of the Easter shift. Sees beef costs up approximately 4%-5% for FY. Says most other major commodities locked for a good portion of the year, including chicken, cheese, bakery. Says beef "extremely volatile." Comments made on the Q2 earnings conference call.