Jack in the Box falls after Q4 revenue misses estimate

Jack In The Box

20/11/2024 22:27

** Shares of fast-food restaurant chain Jack in the Box
 JACK.O  fall 3.5% after market
    ** Co reports Q4 revenue of $349.3 mln vs estimate of $356.5
mln, according to data compiled by LSEG
    ** Miss driven by weaker-than-expected restaurant sales,
offseting the boost from higher franchise rental revenues
    ** "We managed well through a difficult top-line macro
environment in 2024, and will continue to aggressively pursue
initiatives to help energize sales and traffic in 2025," CEO
Darin Harris says
    ** Stock has lost ~44% YTD

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))