Jack in the Box's 3Q profit falls on charges, slow sales

Jack in the Box's 3Q profit falls on charges, slow sales

SAN DIEGO Jack in the Box Inc. on Tuesday said third-quarter sales started strong but deteriorated rapidly as consumers continued to cut back on spending and competitors across all segments offered deep discounts to lure in diners.

Margin-improvement initiatives helped boost earnings for the San Diego-based chain during the third quarter, but the company expects same-store sales to continue to be negative for the remainder of the fiscal year.

For th

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