(Wikimedia)
San Diego-based Jack in the Box Inc. Wednesday reported first-quarter earnings of $23.9 million, or 54 cents per diluted share, up from $12 million, or 27 cents per diluted share, for the same quarter in 2012.
Chairman and CEO Linda Lang said same-store sales were up about 2 percent for Jack in the Box and 1.5 percent for Qdoba chain.
Restaurant managers, however, have reported a slow-down at the end of January and early this month due to higher payroll taxes, delayed tax refunds and rapidly increasing gasoline prices.
“Our sales guidance for the second quarter reflects the softness we’ve seen thus far in the quarter and the uncertainty surrounding consumer spending,” Lang said.
The restaurant chain reported lower costs for occupancy, payroll and benefits, and food and packaging during the first quarter.
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