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May 13, 2021
Jack in the Box Inc. not only beat analysts' estimates with its Q2 earnings and revenue, but will also provide a 10% boost in its quarterly cash dividend.
In an earnings report this morning for the quarter that ended April 11, the company said total revenues grew 19% to $257.2 million, compared to $216.2 million in last year's quarter. That number was driven by 20.6% growth in system same-store sales. Company same-store sales increased 14.5% for the quarter, which the company said reflects average check growth of 19.9%, despite a 5.4% decrease in transactions.
Other notable Q2 results include:
21.% growth in franchise same-store sales.
Net earning more than tripled to $35.9 million, or $1.58 per diluted share, compared with $11.5 million, or 50 cents per diluted share last year's quarter.