Jack in the Box says McDonald's all-day breakfast hurt sales

Jack in the Box says McDonald's all-day breakfast hurt sales

Value competition also impacted the chain in the first quarter

Jack in the Box Inc., said on Wednesday that McDonald’s Corp.’s all-day breakfast promotion hurt the company’s sales in its fiscal first quarter ended Jan. 17.

Same-store sales at the San Diego-based, 2,253-unit burger chain rose 1.4 percent in the period, which was lower than the company expected. The chain attributed the weakness to competition from other burger concepts.

Jack in the Box stock was down 20 percent in after-hours trading Wednesday.

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