Jack in the Box First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Jack in the Box (NASDAQ:JACK) First Quarter 2024 Results
Key Financial Results
Revenue: US$487.5m (down 7.5% from 1Q 2023).
Net income: US$38.7m (down 27% from 1Q 2023).
Profit margin: 7.9% (down from 10% in 1Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$1.95 (down from US$2.55 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Jack in the Box Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 1.2%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 9.7% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company's shares are down 8.3% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Jack in the Box has 3 warning signs (and 1 which is concerning) we think you should know about.
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