Jack In The Box Popping Up After-Hours
Following Wednesday's market close, Jack in the Box (NASDAQ: JACK) reported third quarter earnings of $26.1 million, or $0.64 per share, handily beating consensus estimates of $0.57 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 1.2 percent. Comma also stated that share count was reduced nearly 10 percent due to the ongoing corporate share repurchase program.
Shares were last trading after-hours at $58.60, up 5.6 percent.
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