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June 18, 2014
09:26 EDTJACKJack in the Box says catalysts 'in place' to drive brands
Says will continue to return cash to shareholders. Sees G&A expense 3.5%-4% of system wide sales, which Jack in the Box expects to achieve this year. Says will continue to focus on menu innovation for Jack in the Box brand and Qdoba brand. Says Qdoba brand represents "significant" growth opportunities for the company. Believe Qdoba could be meaningful contributor in increasing shareholder value and in increasing EPS growth. Expects new Qdoba restaurant growth should be driver of EPS going forward. Expect to consistently repurchase shares in the future. Comments made at the Jefferies Global Consumer conference.
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