Fast-food chain Jack in the Box, Inc. (NASDAQ: JACK) reported operating earnings of $0.95 per share for the fourth quarter of 2019, on an adjusted basis, vs. $0.96 per share expected.
Net earnings advanced to $22.06 million or $0.86 per share from $16.27 million or $0.60 per share in the fourth quarter of 2018.
Fourth-quarter revenues increased 25% annually to $221.24 million from $177.47 million last year, vs. $222.82 million expected
Adjusted EBITDA was $66.80 million during the three-month period, compared to $54 million a year earlier
Company same-store sales grew 3.5%, while both franchise same-store sales and systems sales rose 3% each
Restaurant-level margin dropped to 24.2% from 26.1% in the fourth quarter of 2018; franchise-level margin was 41.1%
Repurchased 1.4 million shares for about $125 million during the quarter
Expects full-year system same-store sales to increase between 1.5% and 3%; sees restaurant-level margin of 25% of company restaurant sales
Expects adjusted EBITDA in the range of $265 million to $275 million
Most Popular
Box Inc (NYSE: BOX) Q1 2021 Earnings Call Transcript
Box Inc (BOX) Q1 2021 earnings call dated May 27, 2020 Corporate Participants: Alice Kousoum Lopatto -- Head of Investor Relations Aaron Levie -- Chief Executive Officer, Co-founder and Chairman Dylan Smith -- Chief Financial Officer
Southwest is looking northside as lockdown restrictions ease
When Warren Buffett dumped airline stocks suffering massive losses three weeks ago, he probably overlooked one key aspect about the industry – that no amount of restrictions will kill people’s
Alibaba (BABA) entering a new phase as China emerges from COVID crisis
Alibaba Group Holding Ltd (NYSE: BABA) is striving to regain strength after falling sharply last week, ahead of fourth-quarter earnings. The positive results failed to impress stakeholders as market sentiment