Jack in the Box Inc. reported on Wednesday that profit rose 56 percent in the Jan. 19-ended first quarter, increasing to $32.3 million from $20.7 million in the prior-year period.

Revenue at the San Diego, Calif.-based company, which also owns the Qdoba Mexican Grill fast-casual concept, fell 0.9 percent, dipping to $450.1 million from $454.3 million in the same quarter last year. The company had closed 62 company-operated Qdoba units in June 2013.

Jack in the Box owns and franchises more than 2,250 restaurants in 21 states. Through a subsidiary, the company also owns and franchises more than 600 Qdoba units in 46 states, the District of Columbia and Canada.

NET INCOME

Result: $32.3 million, or 74 cents per share
% Increase: 56.0% (from $20.7 million, or 47 per share)

REVENUE

Result: $450.1 million
% Decrease: 0.9% (from $453.3 million)

JACK IN THE BOX SAME-STORE SALES

% Increase systemwide: 1.9%


% Increase at company-owned units: 2.1%


% Increase at franchised units: 1.8%

 

QDOBA SAME-STORE SALES

% Increase systemwide: 2.3%


% Increase at company-owned units: 2.0%


% Increase at franchised units: 2.6%


Source: Company report

RELATED:
Jack in the Box Inc. CEO to retire, COO to replace
Jack in the Box names SVP of operations
More restaurant finance news

Contact Ron Ruggless at ronald.ruggless@penton.com.
Follow him on Twitter: @RonRuggless