Jack in the Box, Inc. (JACK) Tops Q3 EPS by 7c, Qdoba Comps Up 7.2%; Guides Above the Street

Jack in the Box, Inc. (NASDAQ: JACK) reported Q3 EPS of $0.64, $0.07 better than the analyst estimate of $0.57. Revenue for the quarter came in at $348.5 million versus the consensus estimate of $343.3 million.

Jack in the Box, Inc. sees FY2014 EPS of $2.38-$2.45, versus the consensus of $2.37.

“Jack in the Box company same-store sales increased 2.4 percent for the quarter, in line with our expectations,” Comma said. “The increase was driven primarily by growth in our breakfast and late-night dayparts.”

Jack in the Box system same-store sales growth for the quarter exceeded that of the QSR sandwich segment by 2.4 percentage points for the comparable period, according to The NPD Group’s SalesTrack® Weekly for the 12-week time period ended July 6, 2014. Included in this segment are 16 of the top QSR sandwich and burger chains in the country.

“Qdoba’s same-store sales in the third quarter increased 7.2 percent for company restaurants and 7.5 percent system-wide, our second consecutive quarter of growth in the 7 percent range. The top-line momentum continued with the Mango Mojo campaign, which followed our very successful Queso Bliss event in the prior quarter. In addition, the performance of our Qdoba company restaurants reflected less discounting, as well as double-digit growth in catering sales,” Comma concluded.

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

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