Jack in the Box fails to dodge the slowdown

SAN DIEGO Jack in the Box Inc. reported Wednesday a 3-percent drop in its second quarter profit and cited the same challenges plaguing almost all restaurant companies: higher costs and slowing sales.

For the quarter ended April 13, net income fell to $26.4 million, or 44 cents per share, from $27.2 million, or 40 cents per share, in the year-ago quarter. The increase in latest-quarter per-share earnings was aided by a reduced share count.


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