Jack in the Box reports Q1 EPS $1.95, consensus $1.96

Reports Q1 revenue $487.5M, consensus $481.6M. Reports Q1 Jack in the Box same-store sales of up 0.8% and Del Taco same-store sales of up 2.2%. “The first quarter included notable progress on our long-term strategy and objectives we laid out at our recent Investor Day,” said Darin Harris, Jack in the Box Chief Executive Officer. “We were also pleased with the sales rebound for Del Taco, the outperformance of Jack in the Box restaurant level margin, and the completion of development agreements with new franchisees to open new markets. These results are a reflection of our compelling brands, as well as our initiatives to maximize four-wall economics and franchise profitability, which will continue to fuel our growth plan.”