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 $0.59 in the prior year quarter.
A reconciliation of non-GAAP measurements to GAAP results is provided below, with additional information included in the attachment to this release. Figures may not add due to rounding.
|16 Weeks Ended|
|January 19,2014||January 20,2013|
|Diluted earnings per share fromcontinuing operations – GAAP||
|Gains from refranchising||(0.01||)||(0.01||)|
|Operating earnings per share – non-GAAP||$||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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