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Stock Market & Financial Investment News

News Breaks
May 15, 2014
11:44 EDTJACKJack 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.
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September 5, 2014
06:33 EDTJACKHundreds arrested following protests over fast food wages, NY Times says
Nearly 500 protestors seeking a $15 per hour wage for fast food workers were arrested in sit-ins yesterday, organizers of the sit-ins told The New York Times. Some home care aides, recruited by the Service Employees International Union, jointed the protests, the newspaper stated. Fast food companies include McDonald's (MCD), Burger King (BKW), Wendy's (WEN), Jack in the Box (JACK), and Sonic Corporation (SONC).Reference Link
September 4, 2014
11:19 EDTJACKYum! shares pull back as company cuts Q3 China SSS view
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08:47 EDTJACKJack in the Boxnames Frances Allen as president of Jack in the Box brand
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