Jack in the Box (NASDAQ:JACK) reported Q1 EPS $0.25, better than analyst estimates of $0.24 per share. Revenues for the quarter were $652.71 million, better than consensus estimates of $628.89 million
Linda A. Lang, chairman, chief executive officer and president, said, "Jack in the Box company same-store sales increased 5.3 percent in the first quarter, driven by a combination of traffic growth as well as an increase in average check. On a two-year cumulative basis, this represented a 500 basis point acceleration from the fourth quarter of 2011 and our sixth consecutive quarter of sequentially improving company same-store sales trends. We believe these results have been largely driven by the investments we have made to enhance the entire guest experience at the Jack in the Box brand, including the substantial completion of our system-wide re-image program during the quarter."
Jack in the Box is currently above its 50-day moving average (MA) of $21.74 and above its 200-day of $21.15.
In the last five trading sessions, the 50-day MA has climbed 0.47% while the 200-day MA has risen 0.17%.
Jack in the Box Inc. operates and franchises Jack In the Box fast-food restaurants primarily in the Western region of the United States. The Company's drive-thru restaurants offer hamburgers, specialty sandwiches, salads, Mexican food, finger foods, and side items.
