We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Jack In The Box Stock Down 9.75% On Missed Earnings and Revenue
Read MoreHide Full Article
Jack In The Box Inc. (JACK - Free Report) just released its first quarter financial results, posting earnings of $1.18 per share and revenues of $488 million. Currently, Jack In The Box is a Zacks Rank #2 (BUY) and is down 9.75% to $93.50 per share in after-hours trading on Wednesday.
Missed earnings estimates. The company posted earnings of $1.18 per share, missing the Zacks Consensus Estimate of $1.24 per share, which excludes $0.07 from non-recurring items.
Missed revenue estimates. The company saw revenue figures of $488 million, missing our consensus estimate of $498 million.
The San Diego-based company reported fiscal first quarter net income of $35.9 million. Jack In The Box shares have declined 7% since the start of 2017. Still, Jack In The Box stock had gone up 62% in the last 12 months until the nearly 10% fall in after-hours trading Wednesday.
Jack in the Box has signed non-binding letters of intent with franchisees to sell roughly 75 new restaurants. The company expects full-year earnings in the range of $4.25 to $4.45 per share.
“Our first quarter results were mixed, with solid results at the Jack in the Box brand offset by lower than expected sales and disappointing margins at Qdoba,” Jack in the Box CEO Lenny Comma said in a press release.
“We were pleased that Jack in the Box system same-store sales outperformed sluggish industry trends during the quarter. And despite the weaker Qdoba results, our commitments to reduce G&A and to return cash to shareholders contributed to a 27 percent increase in operating earnings per share for the quarter.”
Here’s a graph that looks at Jack In The Box’s Price, Consensus and EPS Surprise.
Jack In The Box Inc. Price, Consensus and EPS Surprise
Jack in the Box is a quick-service hamburger restaurant chain. Jack in the Box restaurants offer a broad selection of distinctive, innovative products targeted at the adult fast-food consumer. The Jack in the Box menu features a variety of hamburgers, specialty sandwiches, salads, Mexican food, finger foods and side items. The core of the Jack in the Box menu is its hamburger products, including its signature hamburgers, the Jumbo Jack, Ultimate Cheeseburger and Sourdough Jack.
Long-Term Buys You Won't See in the News
The stocks you see in today's headlines may not be in the news tomorrow or next week. If you're looking for profitable long-term investments, you may be interested to see what Zacks Research is recommending to our private members. These moves have double and triple-digit profit potential. Starting now, you can look inside our stocks under $10, home run and value stock portfolios, plus more. Want a peek at this exclusive information? Click here>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Jack In The Box Stock Down 9.75% On Missed Earnings and Revenue
Jack In The Box Inc. (JACK - Free Report) just released its first quarter financial results, posting earnings of $1.18 per share and revenues of $488 million. Currently, Jack In The Box is a Zacks Rank #2 (BUY) and is down 9.75% to $93.50 per share in after-hours trading on Wednesday.
Missed earnings estimates. The company posted earnings of $1.18 per share, missing the Zacks Consensus Estimate of $1.24 per share, which excludes $0.07 from non-recurring items.
Missed revenue estimates. The company saw revenue figures of $488 million, missing our consensus estimate of $498 million.
The San Diego-based company reported fiscal first quarter net income of $35.9 million. Jack In The Box shares have declined 7% since the start of 2017. Still, Jack In The Box stock had gone up 62% in the last 12 months until the nearly 10% fall in after-hours trading Wednesday.
Jack in the Box has signed non-binding letters of intent with franchisees to sell roughly 75 new restaurants. The company expects full-year earnings in the range of $4.25 to $4.45 per share.
“Our first quarter results were mixed, with solid results at the Jack in the Box brand offset by lower than expected sales and disappointing margins at Qdoba,” Jack in the Box CEO Lenny Comma said in a press release.
“We were pleased that Jack in the Box system same-store sales outperformed sluggish industry trends during the quarter. And despite the weaker Qdoba results, our commitments to reduce G&A and to return cash to shareholders contributed to a 27 percent increase in operating earnings per share for the quarter.”
Here’s a graph that looks at Jack In The Box’s Price, Consensus and EPS Surprise.
Jack In The Box Inc. Price, Consensus and EPS Surprise
Jack In The Box Inc. Price, Consensus and EPS Surprise | Jack In The Box Inc. Quote
Jack in the Box is a quick-service hamburger restaurant chain. Jack in the Box restaurants offer a broad selection of distinctive, innovative products targeted at the adult fast-food consumer. The Jack in the Box menu features a variety of hamburgers, specialty sandwiches, salads, Mexican food, finger foods and side items. The core of the Jack in the Box menu is its hamburger products, including its signature hamburgers, the Jumbo Jack, Ultimate Cheeseburger and Sourdough Jack.
Long-Term Buys You Won't See in the News
The stocks you see in today's headlines may not be in the news tomorrow or next week. If you're looking for profitable long-term investments, you may be interested to see what Zacks Research is recommending to our private members. These moves have double and triple-digit profit potential. Starting now, you can look inside our stocks under $10, home run and value stock portfolios, plus more. Want a peek at this exclusive information? Click here>>