Jack In The Box Popping Up After Hours

After the close today, Jack in the Box Inc. JACK reported third quarter earnings of $26.1 million, or $0.64 per share, handily beating consensus estimates of 57 cents per share. That compares with $17.3 million, or $0.38 per share, from a year ago. Chairman and CEO Lenny Comma attributed the increase in earnings to better sales growth at Qdoba Mexican Grill, margin expansion, and ongoing stock buybacks. Restaurant sales growth increased 2.4 percent, while operating margin increased by 1.20 percent, Mr.Comma also stated that share count was reduced nearly 10 percent due to the ongoing corporate share repurchase program. Shares of JACK are trading up 6.4 percent in after hours trading.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNews
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!