Actionable news
All posts from Actionable news
Actionable news in JACK: Jack In The Box Inc.,

Jack in the Box’s Profit Climbs

At the Jack in the Box brand, systemwide same-store sales for the quarter ended Sept. 27 rose 6.2%, with a 4.1% increase at company-owned restaurants. Qdoba posted a 6.6% systemwide increase, with same-store sales up 6.1% at company-owned locations. The company had projected 3.5% to 5.5% same-store sales increases for company-owned Jack in the Box restauraunts and 5% to 7% growth at Qdoba company-owned restauraunts.

Shares rose 4.1% in after-hours trading to $72.89.

Jack in the Box attributed its revenue growth to less discounting and higher prices with breakfast, dinner and “late-night” generating...