09:49 AM EDT, 05/14/2024 (MT Newswires) -- Jack in the Box (JACK) shares were up over 9% in recent Tuesday trading after the company posted fiscal Q2 operating earnings that surpassed Capital IQ analysts' estimates.

The company reported fiscal Q2 operating earnings of $1.46 per share, down from $1.47 a year earlier.

Analysts polled by Capital IQ expected $1.43.

Revenue for the quarter ended April 14 was $365.3 million, compared with $395.7 million a year earlier.

Analysts polled by Capital IQ expected $369.7 million.

Same-store sales during the period were down 2.5% versus a 9.5% growth rate a year earlier. Analysts polled by Capital IQ expected a 1.2% growth rate.

The company said it now expects fiscal 2024 operating earnings per share of $6.25 to $6.40 versus its previous guidance range of $6.25 to $6.50. Analysts polled by Capital IQ expect $6.34.

Price: 57.89, Change: +4.82, Percent Change: +9.08