Jack in the Box hurt by higher costs in 1Q

SAN DIEGO Jack in the Box Inc. on Tuesday reported a nearly 22-percent slide in first-quarter profit, in part because of higher beef and packaging costs. However, the company's namesake quick-service chain saw some improvement in the economically hard-hit regions of California, Texas and Las Vegas, officials said.

For the quarter ended Jan. 18, Jack in the Box reported net income of $28.4 million, or 49 cents per share, compared with $36.3 million, or 60 cents

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