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Jack In The Box

March 8, 2012 by staff 

Jack In The Box, Jack in the Box (NAS: JACK) reported earnings on Feb. 22. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Jan. 22 (Q1), Jack in the Box missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share shrank significantly.

Gross margins expanded, operating margins shrank, and net margins dropped.

Revenue details
Jack in the Box logged revenue of $652.7 million. The oneanlyst polled by S&P Capital IQ looked for a top line of $682.2 million on the same basis. GAAP reported sales were 1.8% lower than the prior-year quarter’s $664.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.25. The 10 earnings estimates compiled by S&P Capital IQ averaged $0.24 per share on the same basis. GAAP EPS of $0.27 for Q1 were 56% lower than the prior-year quarter’s $0.61 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 44.1%, 2,950 basis points better than the prior-year quarter. Operating margin was 4.2%, 30 basis points worse than the prior-year quarter. Net margin was 1.8%, 310 basis points worse than the prior-year quarter.

Looking ahead
Next quarter’s average estimate for revenue is $502.3 million. On the bottom line, the average EPS estimate is $0.25.

Next year’s average estimate for revenue is $2.18 billion. The average EPS estimate is $1.15.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 325 members out of 358 rating the stock outperform, and 33 members rating it underperform. Among 133 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 124 give Jack in the Box a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Jack in the Box is hold, with an average price target of $22.86.

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