Jack in the Box gets a lift from late-night business

 
Feb. 21, 2014

Jack in the Box Inc. reported earnings from Q1 earlier this week, including a same-store sales increase of 2.1 percent. The company experienced a 27-percent increase in operating earnings per share, according to a news release.

According to Lenny Comma, chairman and CEO, the company's sales growth was driven by growth in late-night and breakfast dayparts.

"Jack in the Box system same-store sales growth for the quarter of 1.9 percent exceeded that of the QSR sandwich segment by 2.4 percentage points for the comparable period, according to The NPD Group's SalesTrack Weekly for the 16-week time period ended January 19, 2014," he said. "Included in this segment are 15 of the top QSR sandwich and burger chains in the country."

Jack in the Box launched a new late-night "munchies" menu in September.


Topics: Business Strategy and Profitability , Operations Management


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