San Diego Business Journal

Jack in the Box Reports Q2 Net Earnings of $23 Million

By Brad Graves Wednesday, May 13, 2015

Jack in the Box Inc., parent company to its namesake quick-service chain and to the Qdoba Mexican Grill chain, reported net earnings of $23.0 million or 60 cents per diluted share on revenue of $358.1 million during the company’s second quarter, ended April 12.

In the spring quarter last year, Jack in the Box reported net earnings of $15.8 million or 37 cents per diluted share on revenue of $340.9 million.

Same-store sales for Jack in the Box locations advanced 8.9 percent in the best performance since 1999, CEO Lenny Comma said in a statement with the financial results, issued May 13. Qdoba same-store sales were up 8.3 percent.

Jack in the Box (Nasdaq: JACK) increased its forecast for the fiscal year, saying it expects same-store sales to increase 4.5 percent to 5.5 percent at Jack in the Box company restaurants.

Revenue in fiscal 2014 was $1.48 billion, flat from fiscal 2013.

Jack in the Box also announced on May 13 that it raised its quarterly cash dividend by 50 percent to 30 cents per share. The dividend will go out on June 12 to shareholders of record as of June 1.