Jack In The Box Q1 EPS $1.95 Misses $1.96 Estimate, Sales $487.50M Beat $481.56M Estimate
Portfolio Pulse from Happy Mohamed
Jack In The Box reported Q1 earnings of $1.95 per share, missing the consensus estimate of $1.96, and sales of $487.50M, beating the estimate of $481.56M. This represents a decrease in earnings and sales compared to the same period last year.
February 21, 2024 | 9:05 pm
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NEUTRAL IMPACT
Jack In The Box's Q1 earnings slightly missed estimates, while sales exceeded expectations. Earnings and sales decreased compared to last year.
The slight miss in earnings per share (EPS) could be seen negatively by investors, but the beat on sales might offset this sentiment. The year-over-year decrease in both earnings and sales indicates potential challenges but was already anticipated by the market. The mixed results lead to a neutral short-term impact expectation.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100