September 22, 2005 |
Jack in the Box Inc. on Wednesday scrapped its test of the more upscale JBX Grill restaurants and said the costs of revamping its namesake burger chain would hurt profit. The news sent its stock down 17%. The company, based in San Diego, cut its earnings estimate for the fiscal fourth quarter ending Oct. 2, mainly because of a $2-million charge to end the JBX Grill experiment.
February 19, 2004 |
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.
October 2, 2001 |
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.
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.
April 14, 2003 |
As consumers clamor for healthier fare, the nation's fast-food chains have responded with a new mantra: Don't hold the lettuce. In the last year, nearly all of the largest burger chains in the U.S. have begun piling mandarin oranges, roasted almond slivers or charbroiled chicken on mounds of mixed spring greens, hoping to keep themselves out of the red. San Diego-based Jack in the Box Inc.
August 11, 2005 |
The fast-food chain operator cites a lower tax rate for the results. Revenue rises 9%. Jack in the Box Inc., the San Diego-based operator of more than 2,033 fast-food restaurants, said Wednesday that fiscal third-quarter profit climbed 15%, helped by a lower tax rate. The company raised its net income forecast for the year to $2.52 a share from $2.46. It made $2.14 last year. Same-store sales are expected to climb 3%. Net income rose to $23.9 million, or 66 cents a share, from $20.
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.
July 2, 2003 |
Next week Jack in the Box Inc. is rolling out its new turkey burger as a lower fat alternative to regular hamburgers. Nutritionists say this is just window dressing. There's virtually no difference in calories between the new Turkey Jack sandwich, the first turkey burger marketed by a major burger chain, and the company's Jumbo Jack hamburger.