By Kelly Cloonan
Jack in the Box logged lower profit and sales in its latest quarter, hurt by a decrease in transactions.
The fast-food chain on Wednesday posted a profit of $5.8 million, or 30 cents a share, compared with $21.9 million, or $1.12 a share, a year earlier.
Adjusted earnings per share were 30 cents, missing estimates of 45 cents a share, according to analysts polled by FactSet.
Revenue fell 6.6% to $326.2 million. Analysts expected $318.7 million.
Jack in the Box same-store sales slid 7.4% in the quarter, while the company's Del Taco locations reported a same-store sales decline of 3.9%. The decreases were driven by lower transactions and mix, which more than offset higher prices, the company said.
Chief Executive Lance Tucker said the results did not meet expectations.
"As we work with urgency to strengthen our operating results over the coming quarters, I am optimistic that the improvements to our everyday execution combined with the structural changes from our Jack on Track plan will quickly lead to much improved results and increased shareholder value," Tucker said.
For the fiscal year, the company forecasts Jack in the Box same-store sales down 1% to up 1%. It expects results will remain pressured in the current fiscal first-quarter and improve over the rest of the fiscal year.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
November 19, 2025 16:28 ET (21:28 GMT)
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