Jack In The Box Reports a Miss; Sees Higher 2015 Sales
CORRECTION: An earlier version of this story had the incorrect adjusted EPS for Jack in the Box. It has been corrected.
SAN FRANCISCO (MarketWatch) -- Jack in the Box Inc. (NASDAQ:JACK) said late Tuesday it earned $17.4 million, or 44 cents a share, in the fiscal fourth quarter, compared with $24.1 million, or 54 cents a share, in the same period a year ago. Adjusted for one-time items, the fast food company earned 54 cents a share. Sales at the fast-food company, which operates Jack in the Box and Qdoba restaurants, rose to $344.7 million, from $337.9 million a year ago. The FactSet consensus was for EPS of 53 cents a share on sales of $352 million. The company said it expects same-store sales at Jack in the Box restaurants to increase 1% to 2% in the fiscal first quarter 2015, compared with a 2.1% increase in the year-ago quarter. Ten to 15 new Jack in the Box restaurants are expected to open next year, and 50 to 60 Qdoba restaurants, it added. Shares rose 1.6% in after-hours trading.
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