Jack in the Box Inc. Reports Second Quarter FY 2021 Earnings; Provides Fiscal 2021 Guidance; Announces 10 Percent Increase in Quarterly Cash Dividend

About this update from Jack In The Box Inc.

[{"type":"text","content":" SAN DIEGO--(BUSINESS WIRE)--\nJack in the Box Inc. (NASDAQ: JACK) today reported financial results for the second quarter ended April 11, 2021 and provided fiscal year 2021 financial guidance.\n\nJack in the Box® total revenues increased 19 percent to $257.2 million, compared to $216.2 million in the comparable period ended April 12, 2020, driven by 20.6 percent growth in system same-store sales. Company same-store sales increased 14.5 percent in the second quarter, reflecting average check growth of 19.9 percent and a 5.4 percent decrease in transactions. Franchise same-store sales increased 21.3 percent.\n\nIncrease/(Decrease) in same-store sales:\n\n\n\n \n\n\n\n\n12 Weeks Ended\n\n\n\n \n\n\n\n28 Weeks Ended\n\n\n\n\n\n \n\n\n\n\nApril 11,\n2021\n\n\n\n \n\n\n\nApril 12,\n2020\n\n\n\n \n\n\n\nApril 11,\n2021\n\n\n\n \n\n\n\nApril 12,\n2020\n\n\n\n\n\nCompany\n\n\n\n\n14.5%\n\n\n\n \n\n\n\n(4.1)%\n\n\n\n \n\n\n\n10.4%\n\n\n\n \n\n\n\n(0.1)%\n\n\n\n\n\nFranchise\n\n\n\n\n21.3%\n\n\n\n \n\n\n\n(4.2)%\n\n\n\n \n\n\n\n16.5%\n\n\n\n \n\n\n\n(0.9)%\n\n\n\n\n\nSystem\n\n\n\n\n20.6%\n\n\n\n \n\n\n\n(4.2)%\n\n\n\n \n\n\n\n15.9%\n\n\n\n \n\n\n\n(0.8)%\n\n\n\n\nNet earnings more than tripled to $35.9 million, or $1.58 per diluted share, for the second quarter of fiscal 2021, compared with $11.5 million, or $0.50 per diluted share, for the second quarter of fiscal 2020, which was negatively impacted due to the initial onset of COVID-19.\n\n\nDarin Harris, chief executive officer, said, \"Consumers continue to embrace Jack in the Box's iconic all-day menu and continuous menu innovations, driving growth across every day-part. A shift toward our core premium entrees, combined with an increase in items per order reflecting larger parties, fueled a nearly-20 percent increase in average check. Our performance was strong across all regions throughout the quarter, including in Texas where pandemic dine-in restrictions were lifted much earlier than in our other large markets. Stimulus payments also contributed to our strong performance during the last four weeks of the quarter.\"\n\nHarris continued, “We are off to a good start through the first four weeks of the third quarter, giving us confidence that our key strategies continue to resonate with guests and position us to maintain momentum while we work closely with our franchisees to grow.”\n\...

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