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San Diego's Jack in the Box fast food chain is gobbling up the industry. In its most recent yearly financial report, Jack reported that same store sales, or sales in outlets open at least a year, rose 6.1 percent over the last year. That is remarkable for a mature chain. Consumer spending is falling because of high energy costs and the mortgage crisis; Jack is bucking that trend. The company's operating margin is holding steady; that is quite a performance, because of the rising costs of food. When Jack announced its performance Nov. 16, the stock leapt from $27.08 to $31.75. Despite the market's subsequent plunge, the stock is still above $31.
San Diego's Jack in the Box fast food chain is gobbling up the industry. In its most recent yearly financial report, Jack reported that same store sales, or sales in outlets open at least a year, rose 6.1 percent over the last year. That is remarkable for a mature chain. Consumer spending is falling because of high energy costs and the mortgage crisis; Jack is bucking that trend. The company's operating margin is holding steady; that is quite a performance, because of the rising costs of food. When Jack announced its performance Nov. 16, the stock leapt from $27.08 to $31.75. Despite the market's subsequent plunge, the stock is still above $31.