Jack in the Box posted fiscal Q3 net earnings from continuing operations of $21.04 million, down 7.87% year over year; diluted EPS fell to $1.08.
Revenue slipped 1.8% to $257.7 million, reflecting a 1.1% drop in same-store sales; systemwide sales declined 1.4%.
Adjusted EBITDA rose to $61.2 million; operating EPS, a non-GAAP metric, eased to $0.96.
Franchise-level margin decreased to $60.3 million, down from $66.2 million; restaurant-level margin held at $17.0 million.
Guidance for restaurant count and EBITDA
Guidance calls for about 2,100 restaurants by fiscal year-end, with roughly 25 openings and 50 to 60 closures; adjusted EBITDA seen at $225 million to $230 million.
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