Jack in the Box (JACK) Stock Spikes in After-Hours Trading on Q4 Earnings Growth
NEW YORK (TheStreet) -- Jack in the Box (JACK) - Get Report shares are rallying 4.01% to $73.33 in after-hours trading on Tuesday following the restaurant operator's fourth quarter 2015 earnings results reported today after the market close.
Profit and revenue came in under expectations but the company's performance improved from a year ago.
For the latest quarter ended September 27, the company earned 62 cents a share on revenue of $354 million.
Analysts had predicted the company to earn 65 cents a share on revenue of $356.83 million.
In the same quarter the year before, the company earned 54 cents a share on revenue of $344.69 million.
"We're pleased with our fourth quarter performance, which culminated in a 15 percent increase in operating earnings per share resulting from solid same-store sales growth and margin expansion at both Jack in the Box and Qdoba," CEO Lenny Comma stated.
Along with these results, the company declared a quarterly cash dividend of 30 cents a share on its common stock. The dividend is payable on December 22, 2015 to shareholders of record at the close of business on December 9, 2015.
Looking ahead, the company expects same-stores sales at Jack in the Box company restaurants to grow between the range of 2% to 4% for fiscal year 2016. For Qdoba, same-store sales are projected to rise 1%.
Based in San Diego, Jack in the Box operates and franchises Jack in the Box quick-service restaurants and Qdoba Mexican Grill fast-casual restaurants in the U.S.
Separately, TheStreet Ratings team rates JACK IN THE BOX INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
We rate JACK IN THE BOX INC (JACK) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, impressive record of earnings per share growth and increase in net income. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: JACK
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