Jack in the Box Earnings Fall Sharply from Last Year

San Diego-based Jack in the Box on Wednesday reported sharply lower earnings for the second quarter of 2011 compared to the same quarter last year.

reported a net income of $6.8 million, or 13 cents per diluted share, for the second quarter ending April 17, compared to a net income of $17.7 million, or 32 cents per share in the same quarter last year.

Bad weather in the first four weeks of the quarter in major markets may have depressed earnings before foot traffic rebounded later in the quarter, said Linda Lang, the company's chairman and CEO.The fast food company also dealt with higher costs for meat and dairy products, a rise partially offset by lower prices for poultry and baked goods, she said.

"On a two-year basis, we're continuing to see sequential improvement in same-store sales with three consecutive quarters of improving trends," Lang said. "We believe the investments we have made in the business to enhance the entire guest experience, along with employment growth, will drive improved sales results at the Jack in the Box brand."

Same-store sales increased by 6 percent for the Qdoba restaurant brand, Lang said.

Jack in the Box operates more than 2,200 franchises, including in Rancho Bernardo.

City News Service contributed to this report.

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