Jack in the Box (JACK) Misses Q4 EPS by 8c, Offers FY19 Guiance

Jack in the Box (NASDAQ: JACK) reported Q4 EPS of $0.77, $0.08 worse than the analyst estimate of $0.85. Revenue for the quarter came in at $177.5 million versus the consensus estimate of $176.02 million.

Jack in the Box system same-store sales increased 0.5 percent for the quarter

2019 Guidance:

The following guidance and underlying assumptions reflect the company’s current expectations for the fiscal year ending September29, 2019. Fiscal 2019 and fiscal 2018 are 52-week years, with 16 weeks in the first quarter, and 12 weeks in each of the second, third and fourth quarters.

• System same-store sales of approximately flat to up 2.0 percent.
• Commodity cost inflation of approximately 2.0 percent.
• Restaurant-Level EBITDA of approximately 26.0 to 27.0 percent of company restaurant sales.
• SG&A as a percentage of revenues of approximately 8.5 to 9.0 percent, which reflects the new revenue recognition standards, or 11.5 to 12.0 percent using the prior methodology.
• G&A as a percentage of system-wide sales of approximately 1.8 to 2.0 percent, which reflects the new revenue recognition standards, or 2.0 to 2.2 percent using the prior methodology.
• Approximately 25 to 35 new restaurants opening system-wide, the majority of which will be franchise locations.
• Capital expenditures of approximately $30 to $35 million.
• Tenant improvement allowances of approximately $25 million.
• Tax rate of approximately 26.0 to 27.0 percent, subject to fluctuations arising from the impact of excess tax benefits from share-based compensation arrangements.
• Adjusted EBITDA of approximately $260 to $270 million.
• Following implementation of a new capital structure in the first half of fiscal 2019, the company expects to increase its leverage ratio to approximately 5.0 times EBITDA.

For earnings history and earnings-related data on Jack in the Box (JACK) click here.

You May Also Be Interested In

• Airbus revenue rises, delivers 142 commercial aircraft in Q1
• Esquire Financial Holdings, Inc. (ESQ) Tops Q1 EPS by 3c
• Tractor Supply (TSCO) Tops Q1 EPS by 12c ; Offers Guidance