Jack in the Box (JACK) Tops Q3 EPS by 34c; SSS Rise 6.6%

Jack in the Box (NASDAQ: JACK) reported Q3 EPS of $1.37, $0.34 better than the analyst estimate of $1.03. Revenue for the quarter came in at $242.28 million versus the consensus estimate of $240.36 million.

Jack in the Box® system same-store sales increased 6.6 percent for the quarter. Company same-store sales increased 4.1 percent in the third quarter driven by average check growth of 20.2 percent while transactions decreased 16.1 percent.

Darin Harris, chief executive officer, said, "In my first six weeks as CEO, I have witnessed the nimbleness and passion within this brand. I am proud of the way our franchisees, the teams in our restaurants, our employees, and our partners have responded swiftly to the changing occasions of our consumers amidst the pandemic. Our strong performance in the third quarter is a testament to this agile approach. Our focus on value combined with indulgent and flavorful products continues to drive overall performance for the brand.

This strong performance accelerated throughout the third quarter, and has continued thus far into the fourth quarter. I am excited about taking the learnings from this uncertain time and using them to fuel the remaining part of 2020 as well as our strategy into 2021."

For earnings history and earnings-related data on Jack in the Box (JACK) click here.

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