Jack in the Box earnings rise 25%
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Jack in the Box Inc., the operator of its namesake restaurants and Qdoba Mexican Grill, said fiscal second-quarter earnings climbed 25%. The company boosted its profit forecast, sending the shares up 3.3%.
Net income for the period ended April 15 rose to $27.2 million, or 80 cents a share, from $21.8 million, or 61 cents, a year earlier. Sales increased 6.8% to $660.7 million, the San Diego-based company said.
The company expects annual per-share profit of as much as $3.50, up from $3.27 to $3.33.
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