Jack In The Box: Lackluster Second Quarter Results But Long-Term Outlook Remains Positive [Seeking Alpha]
Jack In The Box Inc. (JACK)
Last jack in the box inc. earnings: 2/19 04:05 pm
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US:NASDAQ Investor Relations:
investors.jackinthebox.com/investor-overview
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Source: Seeking Alpha
Melissa Kopka/iStock Editorial via Getty ImagesInvestment ConclusionJack In The Box (NASDAQ:JACKF2Q2022 financial results.sales were flattish and same-store sales declined. The shortfall in sales growth was driven by tough comparables, as Americans received their stimulus checks in the prior year's same quarter, staffing constraints leading to limited operating hours, and reduced customer demand due to the surge in Omicron cases in January.Moreover, margins contracted significantly, as revenue leverage suffered due to weak sales growth, cost inflation related to labor and commodities surged, and failing restaurants JACK acquired last year from franchisees continued to underperform. As a flow-through of poor margins and increase in interest expense associated with the long-term debt secured to facilitate the Del Taco buyout, earnings and free cash flows decreased substantially on a year-over-year basis. During the quarter, the company opened five new restaurants and shuttered six that
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News
- Fast-food franchisees in California fear they'll lose customers to Chili's and Applebee's as prices soar over $20 wage [Business Insider]Business Insider
- L.A. public health officials issue measles exposure warning for Universal Studios, other locations [Los Angeles Times (CA)]Los Angeles Times
- Public health officials warn Los Angeles area public of measles exposure [CBS News]CBS News
- Small-business owners brace for uncertainty as $20 hourly fast-food wage takes effect [Yahoo! Finance]Yahoo! Finance
- Small-business owners brace for uncertainty as $20 hourly fast-food wage takes effect [Los Angeles Times (CA)]Los Angeles Times
JACK
Earnings
- 2/21/24 - In-Line
JACK
Sec Filings
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- JACK's page on the SEC website