Franchising.com: Jack in the Box Inc. Reports Second Quarter FY 2018 Earnings

Jack in the Box Inc. has announced its financial results for the second quarter of 2018.

Franchising.com has the full report, which details the franchise brand’s earnings for the fiscal quarter that ended on April 15, 2018.

This year, Jack in the Box sold Qdoba Restaurant Corporation in a deal that was finalized on March 21, 2018. The results of the sale are included in the report, which shows an adjusted EBITDA of $60.3 million for the quarter, which is down more than $9 million compared to the same period last year.

According to Lenny Comma, Jack in the Box’s chairman and chief executive officer, the report reflects a deliberate shift in strategy for the franchise brand.

“Our second quarter operating results were in line with our expectations,” he said. “We were pleased that a greater emphasis on value resulted in a sequential improvement in traffic during the quarter. And by balancing our value promotions with innovative premium products, we were able to protect restaurant margins.”