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Jack In The Box Analysts Cut Their Forecasts After Q2 Results

Jack In The Box Inc (NASDAQ:JACK) reported better-than–expected second-quarter FY24 adjusted EPS on Tuesday. The company reported a second-quarter FY24 sales decline of 7.7% year-on-year to $365.35 million, missing the analyst consensus estimate of $368.64 million. Adjusted EPS of $1.46 beat the consensus estimate of $1.42, according to data from Benzinga Pro. Jack In The Box same-store sales decreased 2.5% in the second quarter, consisting of a decline in company-operated same-store sales of 0.6% and a decrease in franchise same-store sales of 2.6%. Systemwide sales for the quarter dropped 1.6%. "I am proud of the execution by our Jack and Del Taco teams, delivering better-than-expected earnings and margin performance while navigating ...