Foodmaker (Jack-in-the-Box Restaurants) Message Board

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Non-Tech : Foodmaker (Jack-in-the-Box Restaurants)

FM 27.19

0.0%

Jan 8 4:00 PM EST

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To: Arnie Doolittle who wrote (284)	2/4/1998 4:55:00 PM
From: David Kuspa	Read Replies (1) of 338

FM 1Q98 results are in: $0.30 basic, $0.29 diluted; consensus estimates were for $0.27/share. Here's the link to the Yahoo! release: biz.yahoo.com Ok, so I've been talking to myself here for a few weeks. But it looks like we're going to have some fun tomorrow--unless the recent price rise has already factored this good news in. While sales growth overall has been impressive, it's clear that per-store growth has slowed: "Per store average (PSA) sales at comparable company restaurants increased 2.7 percent, as customer visits grew compared to the prior year. Average check amounts were flat compared with last year's first quarter." This can be viewed both positively and negatively. Positive in that this means the existing stores have pretty much recovered all the business they lost after the food poisonings, and negative in that growth will now have to come pretty much from building new stores only. Recently, we had per store sales and average check $$ growing in high-single to double digits. D. Kuspa

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