Foodmaker Inc., which operates and franchises 898 Jack in the Box restaurants, reported that net income for the fourth quarter ended Sept. 30 more than doubled to $4.4 million, contrasted with $2.1 million during the fourth quarter of the previous year. Fourth-quarter revenue increased by 10% to $146.5 million from $132.8 million.
Net income for the fiscal year ended Sept. 30 rose by 51% to $13.9 million from $9.2 million during the previous fiscal year. Revenue rose by 7% to $598.3 million from $556.5 million.
Average sales at company restaurants increased by 13.1% during the fourth quarter and by 10.2% for the fiscal year. New products and a new advertising campaign generated the increases, according to Chairman and President Jack W. Goodall Jr.