010807 Jack In The Box Earnings RiseAugust 2, 2001San Diego, CA - Hamburger chain Jack in the Box Inc. said that fiscal third- quarter earnings rose 5%, meeting downward revised expectations, as the company continued to cope with high energy costs. The operator of more than 1,700 restaurants in 16 states also said it expects fourth-quarter earnings per diluted share of 53 cents a to 57 cents and same-store sales in the fourth quarter to be slightly above the third quarter. Analysts' fourth-quarter estimates range from 50 cents per share to 57 cents with a consensus at 54 cents, according to market research firm Thomson Financial/First Call. Jack in the Box reported net income of $22 million, or 55 cents a diluted share for the third quarter ended July 8, compared with $20.8 million, or 53 cents, a year ago. Total revenues rose 11.7% to $436 million from a year ago. Analysts' estimates ranged from 50 cents per share to 54 cents with a consensus at 53 cents, according to First Call. In June, Jack in the Box revised its third-quarter forecasts down to account for energy costs and sales revenue declines caused by a storm that struck Southeast Texas.
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