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 story : Jack in the Box shares slump after margin decline #FinanceUSA #StockMarketNEWS Jack in the Box Inc. shares slumped 7.1% in Tuesday premarket trading after the taco chain reported a fiscal fourth-quarter

@stockMarketNEWS 2 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Jack in the Box shares slump after margin decline #FinanceUSA #StockMarketNEWS
Jack in the Box Inc. shares slumped 7.1% in Tuesday premarket trading after the taco chain reported a fiscal fourth-quarter margin decline and same-store sales that missed expectations. Net income totaled .9 million, or .80 per share, up from .8 million, or .64 per share, last year. Revenue totaled 8.5 million, up from 5.4 million last year. The FactSet consensus was for EPS of .74 and revenue of 8.9 million. Same-store sales edged up 0.1%, missing the FactSet consensus for 3.1% growth. Restaurant-level margins were 20.1%, down 6.9% from the year-ago period, driven by higher costs, taking back lower-volume franchises and higher wages. Jack in the Box stock is up 3.2% for the year to date while the S&P 500 index has gained 24.7% for the period.


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