Jack in the Box Sinks After Results Cloud Prospects for Qdoba
- Mexican-inspired chain is seen as candidate for a sale
- Overall earnings miss analysts’ estimates, weighing on stock
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Jack in the Box Inc.’s Qdoba chain, considered a sale prospect for the fast-food company, is looking like less of a prize.
Qdoba’s same-store sales fell 2.1 percent last quarter, Jack in the Box said on Wednesday. Analysts had projected a roughly flat quarter for the brand, according to Consensus Metrix. Total earnings also fell short of estimates, weighing on the stock.