Jack in the Box Inc. (JACK – Free Report) just released its first-quarter 2018 financial results, posting adjusted earnings of $1.23 per share and revenues of $294.46 million. Currently, JACK is a Zacks Rank #3 (Hold) and is up marginally to $88 per share in after-hours trading shortly after its earnings report was released.
JACK:
Beat earnings estimates. The company posted adjusted earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.06 per share.
Beat revenue estimates. The company saw revenue figures of $294.46 million, topping our consensus estimate of $285.94 million.
Jack in the Box revenues fell by more than $50 million from the year-ago period. Qdoba generated a quarterly net loss, after helping add $1.4 million in the year-ago period. But the firm’s first quarter fiscal 2018 sale of Qdoba is expected to close by April 2018.
Jack in the Box expects full-year same-store sales will increase between 1% and 2% at system restaurants.
“We are working with our advisors to adjust our capital structure to reflect a less capital-intensive business model, and we remain committed to returning cash to shareholders,” CEO Lenny Comma said in a statement.
Here’s a graph that looks at JACK’s Price, Consensus and EPS Surprise history:
Jack In The Box Inc. Price, Consensus and EPS Surprise
Jack in the Box, Inc. is a restaurant company that operates and franchises Jack in the Box restaurants, one of the nation’s largest hamburger chains, and Qdoba Mexican Eats, a leader in fast-casual dining.
