Categories Earnings, Retail

Despite the Q4 earnings miss, Jack in the Box stock rises

Jack in the Box (JACK) reported mixed fourth quarter results. Earnings of $0.77 per share missed analysts’ estimates, while revenues of $177.5 million surpassed the analysts’ views. Company same-store sales increased 0.8% compared to the fourth quarter of 2017. The stock was up about 3% during the extended hours.

Jack in the Box fourth quarter 2018 Earnings Infographic

As expected, revenue for the final quarter of 2018 dropped annually. The company same-store sales increase of 0.8% was driven by average check growth of 2.8%. Jack in the Box completed its refranchising initiative during the quarter with the sale of 8 restaurants in Q4, and now the franchise mix stands at 94%.

For fiscal 2019, the restaurant operator expects system same-store sales of approximately flat to up 2%. Following the completion of longer-term financing plans, JACK expects to return more than $1 billion through FY 2022 to its shareholders in the form of share repurchases and dividends.

Growing no of refranchised restaurants likely to reduce Jack in the Box’s topline in Q4

Shares of JACK, which were trading in the positive territory during the morning session, pared gains and turned into negative territory during the afternoon session. The stock ended the day at $79.64, down 1.24%.


Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

Leave a Reply

Your email address will not be published. Required fields are marked *

Add Comment

Viewing Highlight