Company sees strong sales return in key California market
Jack in the Box Inc. said Wednesday that strong sales in California, service improvements and menu upgrades drove a nearly 34-percent increase in first-quarter net income. For the quarter ended Jan. 23, Jack in the Box reported net income of $32.4 million, or 61 cents per share, compared with $24.2 million, or 43 cents per share, for the first quarter a year ago. Analysts had estimated earnings of about 46 cents per share, according to Thomson Reuters. Refranchising gains — including ...
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