Jack In The Box Gives Much Needed Clarification

Oppenheimer has published a research report on Jack in the Box (NASDAQ: JACK) after the company held its 4Q conference call this morning.

In the report, Oppenheimer writes "JACK held their F4Q10 conference call this morning and provided some much-needed clarification surrounding the quarter's results. Incremental changes not assumed prior to their press release and conference call include: 1) slowdown in franchise development at JIB, 2) more burdensome re-imaging incentive to franchisees in 2011 and 3) diminished restaurant operating margins reflecting needed reinvestment and service initiatives at the company-owned level."

Oppenheimer maintains its Perform rating on Jack in the Box, which closed yesterday at $20.23.