JACK Jack in the Box Inc

Jack in the Box Inc. said earnings for the latest quarter rose 43% as its namesake restaurants and its Qdoba Mexican Grill posted higher same-store sales.

At the Jack in the Box brand, systemwide same-store sales for the quarter ended Sept. 27 rose 6.2%, with a 4.1% increase at company-owned restaurants. Qdoba posted a 6.6% systemwide increase, with same-store sales up 6.1% at company-owned locations. The company had projected 3.5% to 5.5% same-store sales increases for company-owned Jack in the Box restauraunts and 5% to 7% growth at Qdoba company-owned restauraunts.

Shares rose 3.2% in after-hours trading at $72.35.

For the quarter, the company earned $23.1 million, or 63 cents a share, compared with $16.2 million, or 40 cents a share, a year earlier. Revenue rose 2.7% to $354.1 million. Earnings from continuing operations were 65 cents a share. Analysts polled by Thomson Reuters projected earnings of 65 cents a share on revenue of $357 million.

Total operating expenses were $312.4 million in the latest quarter, down from $315.5 million a year earlier.

For the first quarter of fiscal year 2016, the company expects same-store sales growth for the company-owned Jack in the Box restauraunts of 1% to 3% and flat to 2% growth at Qdoba company-owned restauruants. Qdoba, acquired in 2003, has posted stronger same-store sales growth than the flagship chain in recent quarters.

The company released fiscal-year 2016 guidance, estimating adjusted earnings per share of $3.55 to $3.70, compared with analysts' expecations of $3.56. About 20 new Jack in the Box restaurants will be opened in the next fiscal year along with 50 to 60 new Qdoba locations.

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(END) Dow Jones Newswires

November 17, 2015 17:45 ET (22:45 GMT)

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