Jack in the Box 4th-Q earnings beat Street

SAN DIEGO Jack in the Box Inc., operator or franchisor of 2,500 restaurants under the flagship Jack in the Box quick-service chain and the fast-casual Qdoba Mexican Grill, reported a 19-percent drop in its fourth-quarter net income on an unfavorable comparison to a year ago when it booked a 12-cents-per-share benefit from the refranchising of corporate stores in Hawaii.

Net income totaled $27.0 million, or 43 cents per share, for the quarter ended Sept. 30, comp

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