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Jack in the Box 1Q profit increases 73%

The company says consumers faced higher payroll taxes, delayed tax refunds and higher gas prices in January.

Jack in the Box Inc. reported on Wednesday first-quarter net income that was nearly double that of last year, indicating that restructuring efforts are taking hold.

Like several other restaurant companies reporting this week, however, Jack in the Box officials said sales dropped precipitously in January as consumers faced higher payroll taxes, delayed tax refunds and higher gas prices.

However, in a call with analysts Thursday, Linda Lang, the company's chair and

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