Jack in the Box (JACK) Tops Q1 EPS by 6c; Guides FY15 Above the Street
Jack in the Box (NASDAQ: JACK) reported Q1 EPS of $0.93, $0.06 better than the analyst estimate of $0.87. Revenue for the quarter came in at $468.62 million versus the consensus estimate of $459.8 million.
Jack in the Box sees FY2015 EPS of $2.85-$2.97, versus the consensus of $2.84.
Lenny Comma, chairman and chief executive officer, said, “We had a great first quarter, with a 24 percent increase in operating earnings per share resulting from better than expected same-store sales growth at both Jack in the Box® and Qdoba Mexican Grill®, margin expansion and a 10 percent reduction in our diluted share count as we continued to use our growing free cash flow to return cash to shareholders.”
Increase in same-store sales:
| 16 Weeks Ended | 16 Weeks Ended | |||||||||
| January 18, 2015 | January 19, 2014 | |||||||||
| Jack in the Box: | ||||||||||
| Company | 3.9% | 2.1% | ||||||||
| Franchise | 4.6% | 1.8% | ||||||||
| System | 4.4% | 1.9% | ||||||||
| Qdoba: | ||||||||||
| Company | 12.9% | 2.0% | ||||||||
| Franchise | 15.1% | 2.6% | ||||||||
| System | 14.0% | 2.3% |
For earnings history and earnings-related data on Jack in the Box (JACK) click here.