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Jack In The Box Inc. Reports First Quarter FY 2014 Earnings; Updates Guidance For FY 2014

Jack in the Box Inc. (NASDAQ: JACK) today reported earnings from continuing operations of $33.0 million, or $0.75 per diluted share, for the first quarter ended January 19, 2014, compared with earnings from continuing operations of $26.1 million, or $0.59 per diluted share, for the first quarter of fiscal 2013.

Operating earnings per share, a non-GAAP measure which the company defines as diluted earnings per share from continuing operations on a GAAP basis excluding restructuring charges and gains from refranchising, were $0.75 in the first quarter of fiscal 2014 compared with $0.59 in the prior year quarter.

A reconciliation of non-GAAP measurements to GAAP results is provided below, with additional information included in the attachment to this release. Figures may not add due to rounding.

  16 Weeks Ended
January 19,2014   January 20,2013
Diluted earnings per share fromcontinuing operations – GAAP

$

0.75

 

$

0.59

Restructuring charges 0.01
Gains from refranchising   (0.01 )     (0.01 )
Operating earnings per share – non-GAAP $ 0.75     $ 0.59  
 

Lenny Comma, chairman and chief executive officer, said, “We had a great first quarter, with a 27 percent increase in operating earnings per share resulting from solid same-store sales growth at both Jack in the Box® and Qdoba Mexican Grill®, margin expansion and lower overhead.”

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