Shares of Jack in the Box Inc.
jumped 3.4% toward an 18-month high in premarket trading Wednesday, after the parent of burger and taco chains reported fiscal second-quarter profit and sales that rose above expectations and raised its full-year outlook, as growth in both average check and traffic provided a boost. Net income for the quarter to April 16 rose to $26.5 million, or $1.27 a share, from $7.8 million, or 37 cents a share, in the year-ago period. Excluding nonrecurring items, operating earnings per share of $1.
jumped 3.4% toward an 18-month high in premarket trading Wednesday, after the parent of burger and taco chains reported fiscal second-quarter profit and sales that rose above expectations and raised its full-year outlook, as growth in both average check and traffic provided a boost. Net income for the quarter to April 16 rose to $26.5 million, or $1.27 a share, from $7.8 million, or 37 cents a share, in the year-ago period. Excluding nonrecurring items, operating earnings per share of $1.