Jack In The Box, Inc. (NASDAQ:JACK) shares rocketed higher after the company released its fourth-quarter earnings report after Wednesday's closing bell, missing the analyst earnings estimate.
Here's a look at the details in the report.
- JACK stock is moving. Watch the price action here.
The Details: Jack In The Box reported quarterly earnings of 30 cents per share, which missed the analyst estimate of 45 cents.
Quarterly revenue came in at $326.19 million, which beat the analyst estimate of $319.65 million, but was down from revenue of $349.29 million from the same period last year.
Read Next: Nvidia Sell Signal? 3 Market Legends Dump The Stock
Jack In The Box reported the following data for the fourth quarter:
- Same-store sales decreased 7.4%.
- Systemwide sales for the fourth quarter decreased 7.2%.
- Restaurant-Level Margin, a non-GAAP measure, was 16.1% for the fourth quarter, a decrease from 18.5% in the prior year quarter
- Franchise-Level Margin, a non-GAAP measure, was 38.9% for the fourth quarter, a decrease from 40.4% a year ago.
- Jack in the Box opened 15 new restaurants and closed 47 restaurants during the fourth quarter.
“While performance in the fourth quarter did not meet our expectations, we remain focused on restoring positive momentum for the Jack in the Box brand,” said Lance Tucker, Jack in the Box CEO.
JACK Stock Price: According to data from Benzinga Pro, Jack In The Box stock was down 4.17% at $13.78 in Wednesday's extended trading.
Read Next:
Photo: Shutterstock
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
