Jack in the Box (NASDAQ: JACK) reported Q2 EPS of $1.48, $0.19 better than the analyst estimate of $1.29. Revenue for the quarter came in at $257.2 million versus the consensus estimate of $250.91 million.

Jack in the Box® total revenues increased 19 percent to $257.2 million, compared to $216.2 million in the comparable period ended April 12, 2020, driven by 20.6 percent growth in system same-store sales. Company same-store sales increased 14.5 percent in the second quarter, reflecting average check growth of 19.9 percent and a 5.4 percent decrease in transactions. Franchise same-store sales increased 21.3 percent.

GUIDANCE:

• High single-digit system same-store sales growth
• G&A as a percentage of system-wide sales of approximately 1.7%, excluding net COLI gains or losses
• Commodity cost inflation of approximately 3%
• Labor cost inflation of 5% to 6%
• Adjusted EBITDA of between approximately $320 million and $330 million, including approximately $6 million to $7 million benefit from the 53rd week.

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