JACK - Fast-Food Feast: Jack In The Box's CEO Dishes Out Strategy Amid Q2 Ups And Downs | Benzinga
Jack In The Box Inc (NASDAQ:JACK) shares are trading higher after the company reported better-than–expected second-quarter FY24 adjusted EPS.
The company reported a second-quarter FY24 sales decline of 7.7% year-on-year to $365.35 million, missing the analyst consensus estimate of $368.64 million.
Jack In The Box same-store sales decreased 2.5% in the second quarter, consisting of a decline in company-operated same-store sales of 0.6% and a decrease in franchise same-store sales of 2.6%. Systemwide sales for the quarter dropped 1.6%.
Del Taco systemwide sales for the fiscal second quarter decreased 1.3%, and the same-store sales decreased 1.4%.
Selling, general and administrative expenses dropped 4.8% Y/Y to $37.5 million. Jack In The Box restaurant level margin ...