Jack in the Box shares climb 4% on rise in earnings, sales

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Jack in the Box Inc. shares were up 4% in after-hours trading Wednesday after the fast-food chain reported better-than-expected fiscal fourth-quarter results. Jack in the Box reported net income of $37.8 million, or $1.64 a share, compared with net income of $22.1 million, or 86 cents a share, in the year-ago quarter. The company said same-store sales increased 12% during the quarter, and its board of directors declared a cash dividend of 40 cents a share on its common stock. Revenue jumped 15% to $255.4 million from $221.2 million a year ago. Analysts surveyed by FactSet had expected earnings of $1.14 a share on revenue of $249 million. Jack in the Box shares are up 11% this year. The broader S&P 500 index has improved 10% in 2020.
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