Jack within the Field Inc.
shares slumped 7.1% in Tuesday premarket buying and selling after the taco chain reported a fiscal fourth-quarter margin decline and same-store gross sales that missed expectations. Web earnings totaled $38.9 million, or $1.80 per share, up from $37.8 million, or $1.64 per share, final 12 months. Income totaled $278.5 million, up from $255.4 million final 12 months. The FactSet consensus was for EPS of $1.74 and income of $268.9 million. Identical-store gross sales edged up 0.1%, lacking the FactSet consensus for 3.1% development. Restaurant-level margins had been 20.1%, down 6.9% from the year-ago interval, pushed by larger prices, taking again lower-volume franchises and better wages. Jack within the Field inventory is up 3.2% for the 12 months thus far whereas the S&P 500 index
has gained 24.7% for the interval.
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