$JACK - Jack in the Box shares higher by 4% following beat on earnings

$JACK  - Jack In The Box ($74.23 +2.73) shares are trading higher by 4% after the company reported fourth quarter EPS of $0.54 which was higher than expected, while revenues rose 2.0% to $344.69 million which is higher than expected. Jack In the box comps +3.1%; Qdoba +7.7%., 

The company guided for fiscal year 2015 with EPS of $2.73-2.88 which was in line with estimates. Q1 FY15 guidance: Same-store sales are expected to increase ~1.0 to 2.0% at Jack in the Box company restaurants versus a 2.1% increase in the year-ago quarter. Same-store sales are expected to increase ~8.0 to 10.0% at Qdoba company restaurants versus a 2.0% increase in the year-ago quarter. FY15 guidance Same-store sales are expected to increase ~1.5 to 2.5% at Jack in the Box company restaurants.

Same-store sales are expected to increase ~6.0 to 8.0% at Qdoba company restaurants. Long-term goals Annual same-store sales growth of 2 to 3% at Jack in the Box company restaurants and in the mid-single-digit range at Qdoba company restaurants Restaurant operating margin of 19.0 to 20.0%. The company stated

"Qdoba's same-store sales in the fourth quarter increased 7.1 percent for company restaurants and 7.7 percent system-wide, our third consecutive quarter of growth above 7 percent. The top-line momentum continued with the conclusion of our Mango Mojo campaign, followed by the return of our popular Queso Diablo as a permanent menu item. In addition, the performance of our Qdoba company restaurants reflected less discounting, as well as double-digit growth in catering sales,"

JACK shares are trading higher by 42% and if today's pre-market gains hold will make new all time highs.