Jack in the Box Inc. (NYSE: JBX), operator and franchiser of Jack in the Box® restaurants, yesterday reported a 4.9 percent year-to-year increase in same-store sales for the recent four-week period, which ended August 5.
“Our commitment to the Jack in the Box brand and to a great restaurant experience for our customers continues to be reflected in our sales growth,” said Chairman and CEO Robert J. Nugent.
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The company reiterated its recent fourth-quarter earnings estimate of between 53-57 cents per diluted share, with same-store sales increases slightly above third-quarter results.
Founded in 1951, Jack in the Box is the nation’s first major drive-thru hamburger chain. With fiscal-year 2000 systemwide sales of nearly $2 billion, the San Diego-based company operates or franchises more than 1,720 quick-serve restaurants in 16 states, and has more than 43,000 employees. For additional financial information, visit the Investors section of the company’s Web site, www.jackinthebox.com.
This news release contains forward-looking statements, including estimates of sales and earnings, which are subject to risks and uncertainties, many of which are beyond the company’s control. Among the factors that could cause actual results to differ materially from expectations are: shortages or cost increases of ingredients, consumer concerns about the safety of beef or other foods, utility price increases and power outages, delays in opening new restaurants, bad weather, variations in the company’s income tax rate, changes in accounting rules and the possibility of other, unforeseen events that affect the industry generally. Material risks affecting the company’s business, as well as more comprehensive information relating to its operations, are detailed in the company’s Forms 10-K and 10-Q filed with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statement, whether as the result of new information, future events or otherwise.
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