Profile image
By ETF Daily News (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Jack in the Box’s 2017 Forecast Misses the Mark

Monday, November 21, 2016 14:57
% of readers think this story is Fact. Add your two cents.

Jack in the Box Inc. (NASDAQ:JACK) late Monday posted mixed fourth quarter results and offered a somewhat tepid outlook for 2017.

The San Diego-based company reported adjusted Q4 net income of $1.03 per share, which was significantly better than the $0.88 expected by analysts. Revenues rose 12.5% from last year to $398.42 million, slightly worse than Wall Street’s $398.58 estimate.

Looking ahead, JACK forecast full-year 2017 earnings-per-share (EPS) to range from $4.55 to 4.75, which could miss the $4.75 estimate of analysts.

Same-store sales, a key measure of a restaurant chain’s health, rose 2% across all Jack in the Box system stores. Jack in the Box stores saw a 0.5% increase in same-store sales, with a 3.5% rise in the average check size. At the company’s Qdoba burrito chain stores, same-store sales rose +0.8% system-wide. Those gains were driven by higher traffic and rising catering demand.

JACK forecast Q1 same-store sales to grow 2% to 4% at Jack in the Box system restaurants, up from a +1.4% gain last year. At Qdoba, the company sees same-store sales of “approximately flat to up +1%” at Qdoba company restaurants, which indicates a slowing growth rate from last year’s 1.5% increase.

For the full year 2017, Jack in the Box sees same-store sales increasing about 2% to 3% at Jack in the Box system restaurants, and similar growth at Qdoba company restaurants.

The company commented via press release:

“We are happy with the progress we made on our key strategic initiatives during the year, as we made significant headway on reducing our G&A, increased our borrowing capacity to support our capital structure goals, and began implementing plans to increase the franchise mix at Jack in the Box to over 90% of the system.”

Jack in the Box shares fell $1.90 (-1.87%) to $99.75 in after-hours trading Monday. Prior to today’s report, JACK had risen 32.23%, more than four times the return of the benchmark S&P 500 during the same period.


You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.