Jack in the Box earnings decline in 3Q

Jack in the Box earnings decline in 3Q

The company has begun restructuring moves that include workforce reductions and outsourcing

Jack in the Box reported a 38-percent drop in earnings for the third quarter on Wednesday, and the company said it is looking at workforce reductions, restructuring functions and opportunities for outsourcing.

For the quarter ended July 8, the San Diego-based company reported net income of $11.6 million, or 26 cents per share, compared with $18.7 million, or 38 cents per share, in the year-earlier period. Gains from refranchising contributed about 5 cents per share for the quarter comp

Register to view the full article

Register to view this article

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish