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Qdoba parent misses Street expectations

Source: Qdoba

Jack in the Box failed to meet earnings and revenue estimates but delivered strong guidance.

The restaurant chain reported earnings per share of 62 cents and $354 million in revenue.

Analysts forecast Jack in the Box would deliver 65 cents in earnings per share on $357 million in revenue, according to a Thomson Reuters consensus estimate.

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Its outlook called for earnings of $3.55 to $3.70 a share during fiscal 2016. Analysts were expecting $3.56 per share in earnings.

Systemwide same-store sales were forecast to rise 6.6 percent at Qdoba and 5.7 percent at Jack in the Box, according to Consensus Metrix.

During the quarter, Qdoba's comps rose 6.6 percent, matching estimates. Those at Jack in the Box increased 6.2 percent.