Jack in the Box Inc., said on Wednesday that McDonald’s Corp.’s all-day breakfast promotion hurt the company’s sales in its fiscal first quarter ended Jan. 17. Same-store sales at the San Diego-based, 2,253-unit burger chain rose 1.4 percent in the period, which was lower than the company expected. The chain attributed the weakness to competition from other burger concepts. Jack in the Box stock was down 20 percent in after-hours trading Wednesday. Related All-day ...
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?
Contact: Desiree Torres Desiree.Torres@penton.com