Jack 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.
Jack in the Box says 'committed' to returning cash to shareholders Says Q2 sales increased in all major markets. Says weather was "more of a factor" in Q2 this year vs.last year. Says during Q2, there were three weeks negatively impacted by weather for Qdoba. Says "pleased" with how both brands are performing. Says "committed" to returning cash to shareholders. Now sees FY commodity costs up approximately 2%. Says FY15 operating EPS guidance now includes expected 6c charge related to removal of existing beverage equipment in Q3 and Q4. Comments made on the Q2 earnings conference call. Jack in the Box is down 4.23% to $87.90 in late-morning trading.
Jack in the Box reports Q2 operating EPS 69c, consensus 67c Reports Q2 revenue $358.1M, consensus $356.14M. Jack in the Box system same-store sales increased 8.9% for the quarter and company same-store sales increased 7.4%. Qdoba same-store sales increased 8.3% system-wide and 7.0% for company restaurants in Q2.