Qdoba exceeds 2Q sales expectations

Qdoba exceeds 2Q sales expectations

Competition lead to softer sales for Jack in the Box brand

Value-focused promotions by competitors softened sales for Jack in the Box during the second quarter, but sister brand Qdoba Mexican Grill exceeded company expectations as guests responded to new menu items and catering recorded double-digit growth.

The improved results for Qdoba during the April 13-ended quarter also reflect the closure of 62 underperforming company-owned locations last year. The company also wrote off $800,000 in deferred financing costs related to the refi

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