Jack in the Box Inc. reported a steep drop in fourth-quarter net income as a result of heavy impairment charges related to the closure of 40 underperforming restaurants. Company officials said Jack in the Box continued to battle falling sales in its core West Coast market, while sister brand Qdoba saw sales rise in the quarter. For the Oct. 3-ended quarter, Jack in the Box's net income totaled $4.0 million, or 7 cents per share, compared with year-ago profit of $40.6 million, or 70 cents per ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now.We promise it will only take a few minutes!
Questions about your account or how to access content?