Jack in the Box Inc. reported disappointing financial results, with sales and stock price declining.

From Nasdaq: 2024-12-09 04:00:00

Jack in the Box Inc. reported disappointing fourth-quarter and full-year results for 2024, citing a challenging macro environment. Shares have plummeted 40% over the past year, underperforming the market and industry. Sales for Jack in the Box and Del Taco declined in Q4, with projected revenue and earnings also expected to drop in FY25.

The decline in Jack in the Box stock over the past decade is stark, falling 40% while the Retail sector and Restaurants industry have seen significant gains. The stock is trading below its 200-month moving average, signaling potential trouble. Despite restaurant openings in FY 2024, it may be best to avoid the stock until a turnaround is evident.

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Read more at Nasdaq: Bear of the Day: Jack in the Box Inc. (JACK)