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JACK - Jack In The Box Nearing An Important Earnings Report
Jack In The Box Inc.
Jack in the Box (JACK) posts earnings Wednesday after hours and faces an important report, with shares up 264% off the March low, while still down 24% from the YTD peak in February. With lockdown, the sector has been hit hard, as restaurants either closed or transitioned to take-out/drive-thru/delivery to compensate for losses of dine-in ability. Jack in the Box's second quarter for the fiscal year ended April 12 and did not suffer any full-out closures, although impacts from coronavirus will still be felt. Jack in the Box had a strong first quarter for revenues,