Jack In The Box Shares Climb On Earnings Growth

By Sue ChangMarketWatch Pulse

Shares of Jack in the Box Inc. rallied in Tuesday's extended session after the fastfood chain reported a growth in quarterly earnings. Jack in the Box said its fourth-quarter earnings rose to $23.1 million, or 63 cents a share, from $16.2 million, or 40 cents a share, a year ago. On an adjusted basis, operating earnings rose to 62 cents a share from 54 cents a share. Revenue increased to $354.1 million from $344.7 million. Analysts polled by FactSet had expected earnings of 65 cents a share and revenue of $356 million. Systemwide same-store sales at its Jack in the Box locations rose 6.2% while Qdoba Mexican Grill reported systemwide same-store sales grew 6.6%. Jack in the Box shares gained 3.4% in after-hours trading.

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