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.
Compared to Estimates, Jack In The Box (JACK) Q1 Earnings: A Look at Key Metrics
Read MoreHide Full Article
Jack In The Box (JACK - Free Report) reported $487.5 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 7.5%. EPS of $1.95 for the same period compares to $2.01 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $480.19 million, representing a surprise of +1.52%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.95.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Jack In The Box performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Jack in the Box Same-Store Sales (YoY change) - System: 0.8% compared to the 2.2% average estimate based on nine analysts.
Jack in the Box - Restaurant Counts (EOP) - Total: 2,192 compared to the 2,190 average estimate based on nine analysts.
Del Taco - Restaurant Counts (EOP) - Total: 592 versus the eight-analyst average estimate of 593.
Del Taco Same-Store Sales (YoY change) - System: 2.2% versus 1.4% estimated by eight analysts on average.
Total system - Total (Jack in the Box + Del Taco): 2,784 versus the seven-analyst average estimate of 2,783.
Jack in the Box - Restaurant Counts (EOP) - Franchised: 2,048 versus the seven-analyst average estimate of 2,048.
Jack in the Box - Restaurant Counts (EOP) - Company: 144 versus 143 estimated by seven analysts on average.
Revenues- Restaurant sales: $224.04 million versus the nine-analyst average estimate of $220.21 million. The reported number represents a year-over-year change of -17.1%.
Revenues- Franchise contributions for advertising and other services: $76.93 million compared to the $75.02 million average estimate based on nine analysts. The reported number represents a change of +7.3% year over year.
Revenues- Franchise (Franchise rental + Franchise royalties and other + Franchise contributions): $263.46 million versus the eight-analyst average estimate of $256.79 million.
Revenues- Franchise royalties and other: $73.33 million compared to the $73.26 million average estimate based on eight analysts. The reported number represents a change of -4% year over year.
Revenues- Franchise rental revenues: $113.20 million compared to the $111.72 million average estimate based on eight analysts. The reported number represents a change of +4% year over year.
Shares of Jack In The Box have returned -5.2% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, Jack In The Box (JACK) Q1 Earnings: A Look at Key Metrics
Jack In The Box (JACK - Free Report) reported $487.5 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 7.5%. EPS of $1.95 for the same period compares to $2.01 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $480.19 million, representing a surprise of +1.52%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.95.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Jack In The Box performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Jack in the Box Same-Store Sales (YoY change) - System: 0.8% compared to the 2.2% average estimate based on nine analysts.
- Jack in the Box - Restaurant Counts (EOP) - Total: 2,192 compared to the 2,190 average estimate based on nine analysts.
- Del Taco - Restaurant Counts (EOP) - Total: 592 versus the eight-analyst average estimate of 593.
- Del Taco Same-Store Sales (YoY change) - System: 2.2% versus 1.4% estimated by eight analysts on average.
- Total system - Total (Jack in the Box + Del Taco): 2,784 versus the seven-analyst average estimate of 2,783.
- Jack in the Box - Restaurant Counts (EOP) - Franchised: 2,048 versus the seven-analyst average estimate of 2,048.
- Jack in the Box - Restaurant Counts (EOP) - Company: 144 versus 143 estimated by seven analysts on average.
- Revenues- Restaurant sales: $224.04 million versus the nine-analyst average estimate of $220.21 million. The reported number represents a year-over-year change of -17.1%.
- Revenues- Franchise contributions for advertising and other services: $76.93 million compared to the $75.02 million average estimate based on nine analysts. The reported number represents a change of +7.3% year over year.
- Revenues- Franchise (Franchise rental + Franchise royalties and other + Franchise contributions): $263.46 million versus the eight-analyst average estimate of $256.79 million.
- Revenues- Franchise royalties and other: $73.33 million compared to the $73.26 million average estimate based on eight analysts. The reported number represents a change of -4% year over year.
- Revenues- Franchise rental revenues: $113.20 million compared to the $111.72 million average estimate based on eight analysts. The reported number represents a change of +4% year over year.
View all Key Company Metrics for Jack In The Box here>>>Shares of Jack In The Box have returned -5.2% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.