Advertisement
YOU ARE HERE: LAT HomeCollectionsJack In The Box Inc
IN THE NEWS

Jack In The Box Inc

FEATURED ARTICLES
BUSINESS
August 9, 2007 | From Times Wire Services
Shares of Jack in the Box Inc., the owner of the namesake restaurant chain and Qdoba Mexican Grill, fell the most in almost two years after the company's fourth-quarter profit forecast trailed analysts' estimates. The shares dropped $6.56, or 10%, to $59.21. They have gained 36% in the last 12 months. The San Diego-based restaurant chain forecast fourth-quarter profit of 72 cents to 76 cents a share, below the 80-cent estimate of analysts surveyed by Bloomberg.
ARTICLES BY DATE
BUSINESS
August 9, 2007 | From Times Wire Services
Shares of Jack in the Box Inc., the owner of the namesake restaurant chain and Qdoba Mexican Grill, fell the most in almost two years after the company's fourth-quarter profit forecast trailed analysts' estimates. The shares dropped $6.56, or 10%, to $59.21. They have gained 36% in the last 12 months. The San Diego-based restaurant chain forecast fourth-quarter profit of 72 cents to 76 cents a share, below the 80-cent estimate of analysts surveyed by Bloomberg.
Advertisement
BUSINESS
January 22, 2003 | Karen Robinson-Jacobs
Four months after unveiling plans to become a national chain, San Diego-based Jack in the Box Inc. on Tuesday announced its entree into the rapidly growing fast-casual restaurant category by acquiring the parent of the Qdoba Mexican Grill. Jack in the Box, the nation's fourth-largest-selling hamburger chain, paid $45 million to acquire Denver-based Qdoba Restaurant Corp. from ACI Capital Co. and Western Growth Capital, both New York-based, and other private investors.
BUSINESS
May 17, 2007 | From Times Staff and Wire Reports
Jack in the Box Inc., the operator of its namesake restaurants and Qdoba Mexican Grill, said fiscal second-quarter earnings climbed 25%. The company boosted its profit forecast, sending the shares up 3.3%. Net income for the period ended April 15 rose to $27.2 million, or 80 cents a share, from $21.8 million, or 61 cents, a year earlier. Sales increased 6.8% to $660.7 million, the San Diego-based company said. The company expects annual per-share profit of as much as $3.50, up from $3.27 to $3.
BUSINESS
June 20, 2001 | Reuters
Jack in the Box Inc. fiscal third-quarter earnings will be slightly lower than expected due to rising utility costs and a tropical storm that recently struck southeastern Texas. The San Diego-based fast food chain said it expects earnings per diluted share in the range of 53 cents to 55 cents for the quarter, including a tax rate adjustment benefit of about 3 cents, Chief Executive Robert Nugent said. The company said in May it expected third-quarter earnings of 54 cents to 58 cents.
BUSINESS
May 17, 2007 | From Times Staff and Wire Reports
Jack in the Box Inc., the operator of its namesake restaurants and Qdoba Mexican Grill, said fiscal second-quarter earnings climbed 25%. The company boosted its profit forecast, sending the shares up 3.3%. Net income for the period ended April 15 rose to $27.2 million, or 80 cents a share, from $21.8 million, or 61 cents, a year earlier. Sales increased 6.8% to $660.7 million, the San Diego-based company said. The company expects annual per-share profit of as much as $3.50, up from $3.27 to $3.
BUSINESS
August 9, 2006 | From Reuters
Hamburger chain Jack in the Box Inc. posted a better-than-expected 16% gain in quarterly profit and raised its earnings forecast for the year because of a drop in food and worker's compensation costs, as well as a lower tax rate. The San Diego-based company's shares rose as much as 9% after the announcement to a 2 1/2 -month high. The stock closed at $43.44, up $2.88. Net income for its fiscal third quarter ended July 9 rose to $27.8 million, or 77 cents a share, from $23.
BUSINESS
August 1, 2002
* Alcoa Inc., the world's largest aluminum producer, said it will close plants in North Carolina and Oregon and cut production at a facility in Texas because of high energy costs and sagging aluminum prices. The moves will cut 377 jobs. * Loral Space & Communications Ltd. said its second-quarter loss narrowed to $63.5 million, or 18 cents a share, from $95.4 million, or 29 cents, a year earlier. Sales increased 15% to $316.3 million. * Jack in the Box Inc.'s third-quarter profit rose 15% to $24.
BUSINESS
June 19, 2002 | Bloomberg News
Jack in the Box Inc. said profit in the fiscal third and fourth quarters will exceed expectations as the fast-food chain converts five company sites to franchised units and spends less on food and packaging. The San Diego-based company also said sales will get a boost in the second half of the year from the introduction of a sandwich and increased advertising on lower-price items, the company said.
BUSINESS
March 28, 2001
Sizzler International Inc., the Culver City-based operator and franchiser of Sizzler, KFC and Oscar's restaurants, said Thomas Metzger, president and chief executive of its Sizzler USA subsidiary, resigned. Metzger left the company after his father's death. Sizzler International President and Chief Executive Charles Boppel will assume Metzger's duties until a replacement is found. * Jack in the Box Inc. said longtime Chief Financial Officer Charles W. Duddles will retire from the company.
BUSINESS
November 22, 2006 | From Reuters
Hamburger chain Jack in the Box Inc. posted higher-than-expected quarterly profit Tuesday and said it would purchase as much as 15.5% of its stock in a tender offer. Lower costs for labor and most foods, including beef, and proceeds from the sale of restaurants in Hawaii helped lift earnings, the San Diego-based company said. Profit rose to $33.2 million, or 92 cents a share, in the fiscal fourth quarter ended Oct. 1, from $21.5 million, or 59 cents, a year earlier.
BUSINESS
August 9, 2006 | From Reuters
Hamburger chain Jack in the Box Inc. posted a better-than-expected 16% gain in quarterly profit and raised its earnings forecast for the year because of a drop in food and worker's compensation costs, as well as a lower tax rate. The San Diego-based company's shares rose as much as 9% after the announcement to a 2 1/2 -month high. The stock closed at $43.44, up $2.88. Net income for its fiscal third quarter ended July 9 rose to $27.8 million, or 77 cents a share, from $23.
BUSINESS
February 23, 2006 | From Bloomberg News
Restaurant chains Jack in the Box Inc. and IHOP Corp. reported earnings Wednesday that beat analysts' estimates. But although investors cheered the Jack in the Box results, sending its shares up more than 11%, they were less enthusiastic about IHOP. Jack in the Box said fiscal first-quarter net income dropped 0.8% to $25.2 million, or 70 cents a share, from $25.4 million, or 68 cents, a year earlier.
BUSINESS
May 19, 2005 | From Times Wire Services
Jack in the Box Inc. on Wednesday raised its fiscal 2005 earnings forecast for a second time this year after fiscal second-quarter net income beat the company's forecast. The shares rose 10%. The San Diego-based fast-food chain said earnings for the fiscal year would be $2.46 a share. In February, it raised its forecast to $2.43 from $2.33. Sales at restaurants open at least one year would gain about 3% for the year ending Oct.
BUSINESS
February 24, 2005 | Andrew Wang, Times Staff Writer
Fast-food operator Jack in the Box Inc. on Wednesday reported a 77% jump in its fiscal first-quarter profit and raised its earnings outlook for the current year. The San Diego-based company, whose flagship burger chain has 875 locations in California and more than 2,000 altogether, reported net income of $25.4 million, or 68 cents a share, for the quarter ended Jan. 23, up from $14.4 million, or 39 cents, for the year-earlier period.
BUSINESS
November 22, 2004 | Julie Tamaki, Times Staff Writer
A decision by Jack in the Box Inc. to offer healthcare coverage to hourly workers that was announced last week came two weeks after California voters rejected a ballot measure that would have forced the company to do just that. If Proposition 72 had passed, businesses with 50 or more employees would have had to provide them with health insurance and pick up 80% of the premium or pay into a state-run plan. The measure was opposed by many California restaurants -- including Jack in the Box.
BUSINESS
February 19, 2004 | From Reuters
Restaurant operator Jack in the Box Inc. reported Wednesday that net income for its fiscal first quarter fell 26%, but profit from continuing operations beat Wall Street estimates, boosted by new products and better industry trends, sending its shares up 6%. Including a charge related to debt refinancing, net income was $15.6 million, or 43 cents a share, down from $21.2 million, or 56 cents, a year earlier. For the quarter ended Jan.
BUSINESS
October 2, 2001 | Reuters
Southern California-based restaurant chains Jack in the Box Inc. and California Pizza Kitchen Inc. said earnings will be lower than expected as diners stayed away from restaurants after the attacks on the World Trade Center and the Pentagon. The chain operators also cited economic uncertainty, already weighing on some U.S. restaurants before the attacks, as a factor pressuring earnings. Shares of San Diego-based Jack in the Box fell $5, or 18%, to close at $23 on the New York Stock Exchange.
Los Angeles Times Articles
|