Why Jack in the Box Stock Was Diving Today
Shares of Jack in the Box (NASDAQ: JACK) were tumbling today after the fast-food chain offered disappointing guidance for the next year in its fiscal fourth-quarter earnings report. Jack in the Box's fourth-quarter results were actually in line with expectations. Same-store sales at Jack in the Box restaurants rose 4% in the quarter and were up 5.2% at Del Taco.