Jack In The Box Q3 Adj $1.65 Beats $1.51 Estimate, Sales $369.17M Miss $371.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
Jack In The Box (NASDAQ:JACK) reported Q3 earnings of $1.65 per share, beating the estimate of $1.51. However, sales of $369.17M missed the $371.11M estimate. Earnings increased by 13.79% YoY, while sales decreased by 7.00% YoY.
August 06, 2024 | 8:01 pm
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Jack In The Box reported Q3 earnings of $1.65 per share, beating the estimate of $1.51. However, sales of $369.17M missed the $371.11M estimate. Earnings increased by 13.79% YoY, while sales decreased by 7.00% YoY.
The positive earnings surprise is likely to have a short-term positive impact on the stock price, despite the slight miss in sales. The YoY increase in earnings further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100