American fast-food restaurant chain Jack in the Box, Inc. (JACK) reported better-than-expected fiscal third-quarter results (ended July 4), backed by same-store sales growth. However, shares fell 4.7% in after-hours trading on August 4. Earnings for the quarter came in at $1.79 per share, up 26.1% year-over-year, and outpaced the Street’s estimate of $1.46 per share. Reflecting another positive, total revenues grew 11.2% to $269.46 million, compared to the prior-year period, and beat analysts’ expectations of $257.49 million. Notably, systemwide same-store sales increased 10.2%, while company operated same-store sales grew 9%. Additionally, Franchise same-store sales were up 10.3%. The company ended the quarter with 2,219 total stores.
https://www.tipranks.com/news/jack-in-the-box-reports-solid-q3-results?utm_source=advfn.com&utm_medium=referral
Jack in the Box (NASDAQ:JACK)
Historical Stock Chart
From Sep 2021 to Oct 2021 Click Here for more Jack in the Box Charts.
Jack in the Box (NASDAQ:JACK)
Historical Stock Chart
From Oct 2020 to Oct 2021 Click Here for more Jack in the Box Charts.