Jack in the Box Sees FY24 EPS $6.10-$6.25 Vs $6.30 Est.; Same Store Sales Of ~(1.0%); Del Taco Segment Guidance Same Store Sales Of ~(1.5%)
Portfolio Pulse from Benzinga Newsdesk
Jack in the Box has updated its fiscal year 2024 guidance, projecting EPS between $6.10 and $6.25, below the $6.30 estimate. Same-store sales are expected to decline by 1.0% for Jack in the Box and 1.5% for Del Taco. Adjusted EBITDA is forecasted to be between $320-$325 million.
August 06, 2024 | 8:04 pm
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Jack in the Box has revised its FY24 guidance, with EPS expected between $6.10 and $6.25, below the $6.30 estimate. Same-store sales are projected to decline by 1.0% for Jack in the Box and 1.5% for Del Taco.
The revised EPS guidance below estimates and the projected decline in same-store sales for both Jack in the Box and Del Taco segments are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100