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Tuesday, Jul 23, 2024
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Jack in the Box Sales Hit $680M

Jack in the Box Inc., a San Diego-based quick service restaurant chain, announced earnings Aug. 8. Net revenue for the quarter ended July 8 was $680 million with a net profit of $34.7 million. To compare, the same quarter last year had net revenue of $643 million with a net profit of $27.8 million.

Diluted earnings per share for the quarter were $1.08 versus 77 cents for 2006. Jack in the Box says earnings beat analyst estimates of 89 cents per share because of an insurance recovery, re-franchising of 22 restaurants and higher sales.

Jack in the Box operates and franchises 2,100 restaurants across 17 states. The company also operates other venues such as Qdoba Mexican Grill and Quick Stuff convenience stores.

, Preet Anand

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