Jack in the Box Reports 4Q Profit

Jack in the Box Inc. (JBX) said its fourth-quarter profit was flat due to a dip in sales from Hurricane Ike and a slowdown in consumer spending.

For the quarter ended Sept. 28, the company said Tuesday night its net income rose less than 1 percent to $26.9 million, or 47 cents per share, from $26.8 million, or 43 cents per share in the prior year quarter.

The results included a penny per share in income from the company's Quick Stuff convenience store business, which it plans to sell. The company said the figure also included a negative effect of about 4 cents to 5 cents per share for losses and costs related to Hurricane Ike. The per-share result was also boosted by fewer shares outstanding compared with the prior year. Analysts expected profit of 45 cents per share, on average.

by Mark Anderson | 11/19/08 | Stocks: JBX,

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Jack in the Box Reports 4Q Profit

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