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JACK

Jack in the Box Inc. Reports Second Quarter 2024 EarningsJack in the Box Inc. ( NASDAQ:JACK ) reported Q2 2024 earnings, with same-store sales of 2.5% and Del Taco same-store sales of 1.4%. Systemwide sales were 1.6% and 1.3% respectively. The company's EPS was $1.26, while operating EPS was $1.46. The restaurant level margin was 23.6%, up 2.2% from the previous year. Jack in the Box signed franchise development agreements in Q2 to enter Tallahassee and expand in Orlando, now having 31 restaurant commitments in Florida. Del Taco signed franchisee development agreements in Q2 for 3 restaurants to enter Greensboro, NC, and 10 additional restaurants in Atlanta. New-market restaurants opened in the past 12 months, including Mexico, averaging almost $100k weekly AUV. Chief Executive Officer Darin Harris expressed pride in the execution of the Jack and Del Taco teams, delivering better-than-expected earnings and margin performance despite macro headwinds, pressure on low-income consumers, and California's minimum wage legislation. Sales have improved since the introduction of Smashed Jack in mid-March, and the company has a clear plan to regain same-store sales traction through a strong marketing calendar, new LTOs, and an expanded value menu throughout the remainder of 2024. Jack in the Box performance saw a 2.5% decrease in same-store sales, with both franchise and company-owned restaurants experiencing declines in transactions. Systemwide sales decreased 1.6%. The restaurant-level margin was $23.3 million, or 23.6%, up from $20.4 million, or 21.4%, a year ago, driven primarily by additional company-owned restaurants and commodity deflation. The franchise-level margin was $71.7 million, or 40.4%, a decrease from $73.9 million, or 41.2%, a year ago. Jack in the Box net restaurant count increased in Q2, with three restaurant openings and no restaurant closures. As of Q2 2024, the company currently has 93 signed agreements for a total of 409 restaurants, with 44 openings and 365 remaining for future development. Del Taco's second quarter sales decreased 1.4%, with a 1.1% decline in franchise same-store sales and 1.8% decline in company-operated same-store sales. The decrease was partially offset by a lift in average check. Systemwide sales for the fiscal second quarter decreased 1.3%. The restaurant-level margin was $11.4 million, down from 17.3% a year ago, due to refranchising restaurants and increased costs for labor and utilities. The franchise-level margin was $6.1 million, or 28.9%, compared to $5.1 million, or 37.3%, a year ago. Del Taco expanded its restaurant count in the second quarter, with three openings and no closings. The company-wide performance was also affected by the refranchising efforts, with total revenues decreasing 7.7% to $365.3 million. Net earnings were $25.0 million for the second quarter of fiscal 2024, compared to $26.5 million for the second quarter of fiscal 2023. Adjusted EBITDA was $75.7 million in the second quarter of fiscal 2024 compared to $80.6 million for the prior year quarter. Company-wide SG&A expense for the second quarter was $37.5 million, a decrease of $1.9 million compared to the prior year quarter. The income tax provisions reflect an effective tax rate of 26.5% in the second quarter of 2024, as compared to 34.8% in the second quarter of fiscal year 2023. The Non-GAAP Operating EPS tax rate for the second quarter of 2024 was 27.1%. Capital allocation included repurchasing 0.2 million shares of common stock for an aggregate cost of $15.0 million in the second quarter. As of the end of the second quarter, there was $210.0 million remaining under the Board-authorized stock buyback program. On May 10, 2024, the Board of Directors declared a cash dividend of $0.44 per share, to be paid on June 25, 2024, to shareholders of record as of the close of Q2.
NASDAQ:JACKLong
by DEXWireNews
Jack In The Box Inc. (NASDAQ:JACK) Remains Optimistic for GrowthJack In The Box Inc. (NASDAQ: JACK) released its fourth-quarter financial results on November 22, 2023. The company reported earnings of $1.09 per share, which fell short of the estimated $1.15 per share. However, the revenue exceeded expectations, reaching $372.524 million compared to the projected $372.382 million. Despite this, the revenue saw a decline of 7.5% when compared to the same period last year. During the quarter, Jack in the Box restaurant segment experienced a positive growth in same-store sales, with an increase of 3.9%. On the other hand, Del Taco same-store sales declined by 1.5%. Looking ahead to the full-year 2024, the company expects earnings per share to range between $6.25 and $6.50, falling short of the estimated $6.60. Following the announcement, JACK shares experienced a 3.98% decrease in the after-hours session, trading at $65.91. Despite this setback, CEO Darin Harris remains optimistic about the company’s prospects in 2024. He believes there are ample opportunities to expand both brands into new markets and continue driving growth. Overall, although Jack In The Box Inc. faced challenges in meeting earnings estimates and experienced a decline in revenue, the company remains focused on its growth strategy and is confident in its ability to capitalize on future opportunities. JACK Analysist The stock opened at $68.00, slightly lower than the previous day’s closing price of $68.89. Throughout the day, it traded within a range of $66.98 to $71.73. This indicates that there was some volatility in the stock price. The trading volume for the day was 19,542 shares, which is relatively low compared to the average volume of 346,733 shares over the past three months. Jack in the Box Inc. has a market capitalization of $1.4 billion. Looking at the company’s earnings growth, it experienced a decline of 26.17% in the previous year. However, it has managed to turn things around this year with a positive earnings growth of 4.63%. Moreover, the company is expected to continue growing its earnings at a rate of 10.81% over the next five years.
NASDAQ:JACKLong
by DEXWireNews
Can CMG recover from the post earnings drop?CMG had earnings today which were a beat but apparently less than expectations of investors and traders. On the 15-minute chart, the indicators support a reversal with a bounce on the dual time frame RS lines showing a bit of bullish divergence. Decelerating bearish momentum on the MACD with lines converging under the histogram suggests a reversal is impending. Further, the mass index indicator is in the reversal zone but not yet triggering the signal with a drop below the zone. I will take a long trade of CMG. They say trade what you know, My local CMG is always buzy and a love either food. I believe that CMG is ready to give me a big rebate on my patronage. I will take a call option expiring 8/18 striking $2100. I expect to realize a large profit having done a similar trade on CMG more than once in the past. The expected premium of $7300 will be about $700 of risk given a stop =loss but I expect a reward of 4-6 times that if not more.
NYSE:CMGLong
by AwesomeAvani
MCD Mcdonalds is now at its all time highAs the market leader in the fast food industry, McDonalds enjoys global brand recognition. It is a slow but steady gainer pays consistent dividends and always has buyers when a seller lets some shares go at a reasonable price. On the weekly chart over five years MCD is now at the all time high and weathered the COVID era and recent market gyrations quite well. The EMA Cloud and Ichimmoku cloud indicators have consistent slopes tracking in parallel. MCD is consistently above the anchored long term VWAP showing buyers are in contro. It often uses the VWAP plus one standard deviation for support. Fundamentally, if a recession hit when eating customers will be looking for value as a high consideration. My long term call options average 45% in monthly return. I will buy one more each time there is a red engulfing candle on the daily or 4H chart. see also money.cnn.com
NYSE:MCDLong
by AwesomeAvani
$SQ BLOCK weekly 0.618 bounce????? $SQ might have found its bottom need to confirm support in this area bears still in full control looking for support at the 200ma which is also the .618 fib level if we lose 200ma next level of support is way down below $100 where the volume profile shows strong support in the $87 area I expect $SQ (BLOCK) to start consolidating near the 200ma remember stocks like to SINK into support so could trade slightly below 200ma for a bit but not much lower IMO if sell momentum continues worse case is $87
NYSE:SQLong
by bmoneytree
Stocks To Watch This WeekThe Bull Market is strong, this week I expect the market to by choppy. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 34 total stocks on this list. I add an additional 2 stocks that are on my potential short squeeze watch list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
NYSE:ARCHLong
by Jtacher51
13
$JACK Keep Climbing While $SPY Sells Off$JACK keeps looking more and more interesting. While it is hard to buy a stock that keeps making new highs, the recent price action tells us that someone is accumulating a position. We are seeing more green days than red days in $JACK. @Ivanoff tweeted today that something is brewing and we agree. We've been watching $JACK for some time and haven't pulled the trigger, but we are now. Jack in the Box Inc. operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California. As always, trade with caution and use protective stops. Good luck to all!
NASDAQ:JACKLong
by InsiderFinancial
TRON is the gift that keeps on giving! Some fundamental analysisOf all the altcoins recently, tron has been not only holding it's ground but continuing to gain ground while other big coin breakouts have already dipped back down. It exceeded it's projected breakout price target from it's cup and handle pattern days ago, and has since then almost tripled that projected breakout! It seems content on continuing to rise as well. Now that we have no obvious chart patterns to give us an idea of where it will finally dip back down, and the Stoch RSI seems to suggest it still has a little wiggle room to continue upward a bit it's best to examine things going on in the world of TROn on a more fundamental level. First and foremost is their mainnet launch slated I think for May 31st. People are filling their bags with TRX in anticipation of this date and with most release dates the price tends to gradually increase as the date nears and then on the day of it seems a lot of people tend to take their profits and it dips a bit at that point. This will likely also be the case once we reach their main net release date so be prepared for that...it's very similar to the buy the rumor sell the news approach most traders have employed for many decades in other markets. Another thing increasing the demand for TRX is the constant, ever-prevailing rumors that TRON will be partnering with Alibaba, which are now resurfacing once again in the google news feed. This too could be one of those buy the rumor/sell the news situations which, in this case the only reason you'd have to sell the news is if news came out that ALibaba had decided to partner with another crypto other than TRON. If Alibaba did partner with TRON that is one situation where you would want to buy the news because it would be huge. There are as of now, no solid evidence to point to a definite partnership between the 2, only speculation....but the connections between Justin Sun(creator of TRON), some of his fellow employees, and Jack Ma(Creator of Alibaba), are very much worth considering and can not be overlooked. This article on global coin report does a great job laying out those connections: globalcoinreport.com lastly, it's fundamentally important to factor in a couple other big upcoming dates for TRON which this article does nicely as well: ethereumworldnews.com Because of all this and the still very green priceaction, I am still for now quite bullish on TRON, but may consider shorting a fractional amount once the Stochastic RSI indicates it's going to be turning back towards the downside. Whether or not you choose to go in on TRON should be completely your own decision as this is not meant to be taken as financial advice. Best of luck and thanks for reading!
Long
by DrDovetail