Jack in the Box posted a 2.9% drop in earnings in its fiscal second quarter to $26.4 million from $27.2 million a year earlier. Higher prices for cheese and eggs blunted lower labor costs and other savings. The company said same-store sales at its namesake Jack in the Box chain would be unchanged for the year. In February, the company forecast sales gains of 2% to 3%.
On October 16th, Jack in the Box split 2 for 1. Jack in the Box shareholders received 2 shares of common stock for every 1 share held.
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