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Jack in the Box (JACK) Stock Sizzles After Q2 Earnings, Revenue Beats

Jack in the Box JACK just released its second quarter fiscal 2016 earnings results, posting earnings of $0.85 per share and revenue of $361.2 million.

Currently, JACK has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Jack in the Box:                                    

1. Beat earnings estimates. The company posted earnings of $0.85 per share, surpassing the Zacks Consensus Estimate of $0.70 per share. This number excludes $0.01 from non-recurring items.

2. Beat revenue estimates. The company saw revenue figures of $361.2 million, which just edged past our consensus estimate of $361 million and increased 0.9% year-over-year.

3. Reported that Jack in the Box system same-store sales were flat for the quarter, while Qdoba same-store sales increased 2.1% system-wide.

4. For Q3, the company expects same-store sales ranging from approximately down 2.0% to flat at Jack in the Box company restaurants vs. a 5.5% increase in the year-ago quarter, with same-store sales ranging from approximately down 1.0% to up 1.0% at Qdoba company restaurants vs. a 6.6% increase in the year-ago quarter.

5. JACK was up $5.56, or 8.54%, to $65.14 as of 4:36 PM ET in after-hours trading shortly after its earnings report was released.

Here’s a graph that looks at Jack in the Box’s performance over the past year vs. the S&P 500:

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.

Check back later for our full analysis onJack in the Box’s second quarter earnings report!

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