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Jack In The Box Inc. (JACK)

  • Today, 3:09 PM
    • There's quite a bit of action in the hamburger sector.
    • Wendy's (NASDAQ:WEN) says it aims to open 1,000 new restaurants by 2020 in an aggressive push.
    • The company isn't the only one looking to increase its store count. IPO high-fliers Shake Shack (NYSE:SHAK) and Habit Restaurants (NASDAQ:HABT) are expanding along with Smashburger and Five Guys. All four chains are looking to build off their differentiated concepts.
    • Sector giant McDonald's (NYSE:MCD) is pushing innovation at its fastest pace in years. All-day breakfast and a Create Your Taste customization platform are two of its initiatives.
    • Sonic (NASDAQ:SONC), Burger King (NYSE:QSR), and Jack in the Box (NASDAQ:JACK) have shown blazing same-store sales growth to start the year. The trio bumps up against a tougher compare in Q2.
    • Though store traffic trends have been favorable, two drags on profits in the burger sector are entry-level wage increases and escalated beef costs.
  • Thu, May 14, 1:53 PM
    • Jack in the Box (JACK -5.2%) trades lower despite beating estimates with its Q1 report off a strong comp of 8.9%.
    • The company now sees 2015 EPS of $2.90-3.00 vs. $2.85-$2.97 prior and $2.96 consensus.
    • Previously: Jack In The Box beats by $0.02, beats on revenue
  • Wed, May 13, 4:04 PM
    • Jack In The Box (NASDAQ:JACK): FQ2 EPS of $0.69 beats by $0.02.
    • Revenue of $358.12M (+5.1% Y/Y) beats by $1.98M.
    • Shares -1.61%.
    • Press Release
  • Tue, May 12, 5:35 PM
  • Mon, May 4, 11:40 AM
  • Wed, Apr. 29, 1:22 PM
    • Restaurants stocks are falling harder than broad market averages with disappointing reports from Buffalo Wild Wings and Panera Bread raising some concerns.
    • Increasing labor and commodity costs are seen as a threat to margins across the group.
    • Today's GDP report may also be a factor in the sector falling out of favor for the day.
    • Decliners include Denny's (DENN -7%), Krispy Kreme Dougnuts (KKD -5.6%), Red Robin Gourmet Burgers (RRGB -5.9%), Kona Grill (KONA -6.6%), Texas Roadhouse (TXRH -5.9%), Jack in the Box (JACK -4.6%), Bloomin' Brands (BLMN -4.7%), El Pollo Loco (LOCO -4.6%), and Cracker Barrel (CBRL -4.8%).
    • Even momentum-fueled Chipotle (CMG -1.7%) and Habit Restaurants (HABT -1.7%) are peeling off some gains, while Shake Shack (NYSE:SHAK) is proving harder to knock down and is +0.2% on the day.
    • Previously: Panera Bread -2% after sluggish earnings print (April 28)
    • Previously: Buffalo Wild Wings slumps with chicken wing and labor costs a concern (April 28)
  • Thu, Apr. 23, 1:20 PM
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  • Thu, Apr. 2, 10:08 AM
    • The wage increases announced by McDonald's (MCD -0.4%) will account for about a 1% earnings headwind in 2016, according to an estimate from Credit Suisse.
    • The company only runs about 10% of its U.S. stores and the initiative doesn't impact stores in global markets.
    • Fast-food chains with a high concentration of company-owned stores in the U.S. could feel some pressure to match the wage policy of McDonald's, notes CS.
    • To varying degrees, those chains could include Sonic (NASDAQ:SONC), Jack in the Box (NASDAQ:JACK), Wendy's (NASDAQ:WEN), Denny's (NASDAQ:DENN), Popeyes Louisiana Kitchen (NASDAQ:PLKI), Taco Bell (NYSE:YUM), and Burger King (NYSE:QSR).
    • Previously: McDonald's raises wages in U.S. (Apr. 01 2015)
  • Mon, Mar. 9, 8:28 AM
    • McDonald's (NYSE:MCD) appears to have lost market share during February in the U.S.
    • Black Box Intelligence estimates that comparable-store sales in the restaurant industry rose 2.1% in February vs. the 4% decline reported earlier by McDonald's for the month.
    • The deceleration across the industry was strongly influenced by a 5.8% drop in New England due to a harsh winter month, while McDonald's cites broader promotional pressure.
    • Within the burger sector, Sonic reported a sizzling 11.5% comp for its FQ2 which included all of February and didn't mention any promotional headaches.
    • Retail analysts think Sonic (NASDAQ:SONC) and Jack in the Box (NASDAQ:JACK) have converted some loyal McDonald's customers - while on a smaller scale the higher-end burger concepts at Five Guys, Habit Restaurants (NASDAQ:HABT), In-N-Out Burger, and even Shake Shack (NYSE:SHAK) have had an influence.
    • An even deeper dive into breakfast traffic has concluded Starbucks (NASDAQ:SBUX) has taken some coffee-on-the-go share.
    • Previously: McDonald's misses Feb. comp mark as U.S. disappoints
    • MCD -1.21% premarket to $95.95 after shares floated over the $100 level last week.
  • Sat, Mar. 7, 10:13 AM
    • A powerhouse quarter of improved comps and widened margins is in the books for the restaurant industry as investors look forward to see if the trend extends.
    • The industry is in a growth phase with eating and drinking establishments adding 58.7K jobs in February on a seasonally adjusted basis to mark the biggest monthly gain since December of 2012.
    • The early read on Q1 traffic is favorable (ex-weather), although chains could see some wage inflation pressure and innovation outlays with differentiated concepts popping up at Habit Restaurants (NASDAQ:HABT), Zoe's Kitchen (NYSE:ZOES), Shake Shack (NYSE:SHAK), and a host of others.
    • Major digital initiatives at chains such as Panera Bread (NASDAQ:PNRA) and Starbucks (NASDAQ:SBUX) also have the potential to be disruptive.
    • A few screens to pick through the restaurant stock menu are listed below.
    • Lowest forward P/E ratio: McDonald's (NYSE:MCD), Ruth's Hospitality (NASDAQ:RUTH), and Cracker Barrel (NASDAQ:CBRL).
    • Lowest price/free cash flow ratio: Ruby Tuesday (NYSE:RT), Nathan's (NASDAQ:NATH), Jack in the Box (NASDAQ:JACK).
    • Dividend yield +3%: DineEquity (NYSE:DIN), Darden Restaurants (NYSE:DRI), McDonald's, and Arcos Dorados (NYSE:ARCO).
    • Top YTD performers: Jack in the Box (JACK), Wendy's (NASDAQ:WEN), Sonic (NASDAQ:SONC), El Pollo LoCo (NASDAQ:LOCO).
    • PEG ratio below 2.00: Chuy's Holdings (NASDAQ:CHUY), Ruth's Hospitality, Krispy Kreme Donuts (NYSE:KKD), Cheesecake Factory (NASDAQ:CAKE), Brinker International (NYSE:EAT), Denny's (NASDAQ:DENN), Buffalo Wild Wings (NASDAQ:BWLD).
    • Short ratio below 2%: Yum Brands (NYSE:YUM), Jack in the Box (JACK), Chipotle (NYSE:CMG), DineEquity, Bloomin' Brands (NASDAQ:BLMN), Denny's (DENN), McDonald's (MCD).
    • Previously: Restaurant stocks continue hot streak (Feb. 24)
  • Thu, Mar. 5, 8:29 AM
    • A deeper dive into the Beige Book notes indicates some wage pressure is being seen in the U.S. at low-level positions, notes Bloomberg.
    • The revelation could explain the round of minimum wage hikes over the last month - most notably at retail giant Wal-Mart.
    • Analysts note that even a minor lift at the bottom of the wage structure puts some pressure that ripples up the chain.
    • Beige Book: "A staffing firm in the Chicago District reported some companies were also willing to raise rates for unskilled workers to reduce turnover, and contacts in the Atlanta District noted increasing entry-level wages."
    • Fast-food chains could be the next domino to fall.
    • Previously: Beige Book takes note of oil prices and dollar (Mar. 04 2015)
    • Related stocks: MCD, SONC, JACK, WEN, QSR, YUM, PZZA.
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  • Wed, Feb. 18, 10:46 AM
    • Restaurants stocks are out-performing as a group after Jack in the Box, Qdboa, Tim Hortons, and Burger King all reported comparable-restaurant sales momentum this week.
    • The recent round of earnings from the sector has confirmed analyst predictions of a benefit from lower gas prices in the U.S.
    • The developments have also made the recent performance by McDonald's ((NYSE:MCD) -0.2%) look even more anemic.
    • Previously: Let's talks $2 gas (Nov. 29 2014)
    • Previously: Restaurant sales show sharp increase in January (Feb. 11 2015)
    • Leading gainers: Jack in the Box (NASDAQ:JACK) +6.0%, BJ's Restaurants (NASDAQ:BJRI) +3.6%, Sonic (NASDAQ:SONC) +2.6%, Texas Roadhouse (NASDAQ:TXRH) +2.2%, Brinker International (NYSE:EAT) +2.1%, Luby's (NYSE:LUB) +2.0%, Wendy's (NASDAQ:WEN) +1.5%, Cheesecake Factory (NASDAQ:CAKE) +1.4%, Nathan's Famous (NASDAQ:NATH) +1.3%, Ark Restaurants (NASDAQ:ARKR) +1.3%.
  • Tue, Feb. 17, 4:29 PM
    • Jack in the Box (NASDAQ:JACK) reports system-wide comparable-store sales rose 4.4% at the Jack in the Box chain and 14.0% at Qdoba during FQ1.
    • Catering sales and a new simpler menu helped to boost sales at Qdoba.
    • Consolidated restaurant operating margin +100 bps to 19.3% on a sales leverage lift.
    • SG&A expense rate +40 bps to 13.5%.
    • Guidance: The company sees same-store sales growth of 5%-7% in FQ2 for Jack in the Box and 7.0%-9.0% at Qdoba. Full-year EPS of $2.85-$2.87 expected.
    • JACK +2.65% after hours.
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  • Tue, Feb. 17, 4:10 PM
    • Jack In The Box (NASDAQ:JACK): FQ1 EPS of $0.93 beats by $0.06.
    • Revenue of $468.62M (+4.1% Y/Y) beats by $8.81M.
    • Press Release
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  • Mon, Feb. 16, 5:35 PM
  • Thu, Feb. 12, 9:43 AM
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Company Description
Jack In The Box Incowns, operates and franchises quick-service restaurants and Qdoba Mexican Grill fast-casual restaurants.
Sector: Services
Industry: Restaurants
Country: United States