Net earnings for the quarter came in at $36.4 million, resulting in earnings of $1.22 per share (including losses from discontinued operations). Same-store sales at company-owned restaurants fell 1.6%, more than the -1.1% Consensus Metrix estimate. "Jack in the Box same-store sales and transactions improved as we focused more of our advertising on value messages, but company restaurant margins were negatively impacted by higher labor and repairs and maintenance costs, and the return of commodity inflation." While comparable store sales at company owned restaurants fell 1.1% during the quarter, same-store sales at franchise-owned stores were stronger, coming in at 2.3% growth. "Company restaurant margins at Qdoba improved sequentially to over 16 percent in the quarter as we were able to manage labor costs more effectively."

Source: Forbes August 09, 2017 21:22 UTC