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Jack in the Box fiscal Q3 profit climbs 20.0% YOY


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Jack in the Box fiscal Q3 profit climbs 20.0% YOY

Jack in the Box Inc. said its normalized net income for the fiscal third quarter ended July 5 came to 81 cents per share, compared with the S&P Capital IQ consensus estimate of 73 cents per share.

EPS climbed 30.0% year over year from 63 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $30.6 million, a gain of 20.0% from $25.5 million in the year-earlier period.

The normalized profit margin rose to 8.5% from 7.3% in the year-earlier period.

Total revenue rose year over year to $359.5 million from $348.5 million, and total operating expenses came to $306.1 million, compared with $304.2 million in the prior-year period.

Reported net income increased 8.2% from the prior-year period to $28.2 million, or 75 cents per share, from $26.1 million, or 64 cents per share.