Jack in the Box is trading at $21.53 (+14.70%) after investors reacted favorably to the August 12 earnings report.
- Operating EPS reached $0.96, above the $0.90 estimate; revenue missed at $257.66 million versus $264.7 million.
- Investors focused on debt reduction and improved current-quarter sales momentum.
- Same-store sales declined 1.1%, while adjusted EBITDA guidance is $225 millionβ$230 million.