Jack in the Box profit falls 63% in 1Q

Commodity and remodeling costs offset same-store sales increase

Jack in the Box Inc. posted Wednesday a 63-percent decline in first quarter profit, as commodity and restaurant reimaging costs offset growth in same-store sales.

The San Diego-based operator of the Jack in the Box and Qdoba Mexican Grill chains said an 8-percent increase in commodity costs, as well as costs associated with the ongoing reimaging of Jack in the Box restaurants, drove its net income decline for the quarter ended Jan. 22.

First-quarter net income totaled

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