Jack in the Box (JACK – Analyst Report) just released their first quarter fiscal 2016 earnings results, posting earnings of $0.93 per share and revenue of $470.8 million.
Currently, JACK has a Zacks Rank #1 (Strong Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Jack in the Box:
1. Missed earnings estimates. The company posted $0.93 per share, missing our Zacks Consensus Estimate of 1.03. This number excludes $0.01 from nonrecurring items.
2. Missed revenue estimates. The company saw revenue figures of $470.8 million, missing our estimate of $475 million.
3. Reported a 1.4% increase in same-store sales at Jack in the Box company restaurants and a 1.5% increase in same-store sales at Qdoba company restaurants.
4. Lenny Comma, chairman and chief executive officer, said, “Our first quarter results were disappointing as operating earnings per share were below our expectations. At the Jack in the Box brand, margin expansion offset sales that were below our plan. Solid sales and traffic growth at Qdoba were hampered by lower than expected margins and some non-repetitive costs.”
5. JACK was down $14.61, or 19.00%, to $62.30 as of 4:48 PM ET in after hours trading shortly after its earnings report was released.
Here’s a graph that looks at Jack in the Box’s actual and estimate EPS for the last five quarters:
Jack in the Box Inc. (JACK – Analyst Report) Street Actual & Estimate EPS – Last 5 Quarters | FindTheCompany
Jack in the Box is a quick-service hamburger restaurant chain. Jack in the Box restaurants offer a broad selection of distinctive, innovative products targeted at the adult fast-food consumer. The Jack in the Box menu features a variety of hamburgers, specialty sandwiches, salads, Mexican food, finger foods and side items. Jack in the Box was founded in 1951 and is based in San Diego, California.
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