Jack In The Box Inc. Earnings Cheat Sheet: Net Income Falls Again

Jack In The Box Inc. (NASDAQ:JACK) reported its results for the third quarter. Jack in the Box Inc. owns, operates and franchises quick-service restaurants and Qdoba Mexican Grill fast-casual restaurants.

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Jack In The Box Earnings Cheat Sheet for the Third Quarter

Results: Net income for Jack In The Box Inc. fell to $18.7 million (38 cents per share) vs. $24.2 million (44 cents per share) a year earlier. This is a decline of 22.7% from the year earlier quarter.

Revenue: Fell 0.8% to $519.3 million from the year earlier quarter.

Actual vs. Wall St. Expectations: JACK fell short of the mean analyst estimate of 40 cents per share. It beat the average revenue estimate of $495.3 million.

Quoting Management: Linda A. Lang, chairman, chief executive officer and president, said, “Jack in the Box company same-store sales increased 4.7 percent in the third quarter, ahead of our expectations, driven by strong traffic growth and an increase in the average check. On a two-year basis, this represented our fourth consecutive quarter of sequentially improving trends, which we believe has been largely driven by the investments we have made to enhance the entire guest experience at the Jack in the Box brand.

Key Stats:

The company has now seen net income fall in each of the last two quarters. In the second quarter, net income fell 61.5% from the year earlier quarter.

Revenue has fallen for the past three quarters. In the second quarter, revenue declined 4.6% to $505.1 million while the figure fell 2.4% in the first quarter from the year earlier.

The company has now fallen short of estimates in the last two quarters. In the second quarter, it missed expectations by 9 cents with net income of 13 cents versus a mean estimate of net income of 22 cents per share.

Competitors to Watch: McDonald’s Corporation (NYSE:MCD), Good Times Restaurants Inc. (NASDAQ:GTIMD), Yum! Brands, Inc. (NYSE:YUM), Carrols Restaurant Group, Inc. (NASDAQ:TAST), Sonic Corporation (NASDAQ:SONC), Wendy’s Arby’s Group Inc. (NYSE:WEN), Chipotle (NYSE:CMG), Ruby Tuesday, Inc. (NYSE:RT), Panera Bread Company (NASDAQ:PNRA), and Starbucks Corporation (NASDAQ:SBUX).

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

(Source: Xignite Financials)

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