May 3, 2005 |
Robert Nugent, who helped revive sales at Jack in the Box Inc., will retire as chairman and chief executive at the end of fiscal 2005, the fast-food operator said Monday. Succeeding him in both positions will be Linda Lang, 46, Jack in the Box's president and chief operating officer, who joined the company in 1984.
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.
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.
January 21, 2003 |
Despite disappointing sales and flat earnings, Jack in the Box Inc. awarded its chief executive a 36% boost in salary and bonus and nearly doubled his stock options in fiscal 2002, according to a proxy statement filed with the Securities and Exchange Commission. Robert J. Nugent received $720,000 in salary plus $437,400 in bonus, part of his total compensation of $1.2 million, for the fiscal year ended Sept. 29, according to the statement, filed Jan. 13.