August 9, 2007 |
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.
July 3, 2007 |
Fast-food chain Jack in the Box Inc. can continue to air TV ads that make a rival restaurant the butt of its jokes, a federal judge ruled Monday. U.S. District Judge Andrew Guilford said he wanted to see more evidence of actual harm before barring the cheeky ads that suggest that rival company CKE Restaurants Inc., which operates Carl's Jr. and Hardee's, uses cow anuses to make its Angus beef hamburgers.
May 26, 2007 |
Carl's Jr. doesn't like being the butt of Jack's jokes. So CKE Restaurants Inc., which owns Carl's Jr. and Hardee's, sued Jack in the Box Inc. in federal court in Santa Ana on Friday, accusing the San Diego-based chain of deceptive advertising relating to the business end of a cow. The suit cites TV ads that tout Jack in the Box's sirloin burgers and lampoon those made with Angus beef, which happens to be what's in the Carl's Jr.
May 17, 2007 |
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.
February 22, 2007 |
Jack in the Box Inc., the operator of its namesake restaurants and Qdoba Mexican Grill, said Wednesday that first-quarter earnings jumped 48% as it added menu items and costs fell. Profit beat some analysts' estimates, sending the shares up 10% to a record. Net income rose 48% to $37.4 million, or $1.03 a share, from $25.2 million, or 70 cents, a year earlier. Sales rose 5.4% to $856.7 million, the San Diego-based company said.
November 22, 2006 |
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.