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Information Technology : Technology Hardware, Storage & Peripherals | Large Cap Growth
Company profile

Apple Inc. (Apple) designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories and sells a range of related services. The Company’s products include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch and accessories. The Company operates various platforms, including the App Store, which allows customers to discover and download applications and digital content, such as books, music, video, games and podcasts. Apple offers digital content through subscription-based services, including Apple Arcade, Apple Music, Apple News+, Apple TV+ and Apple Fitness+. Apple also offers a range of other services, such as AppleCare, iCloud, Apple Card and Apple Pay. Apple sells its products and resells third-party products in a range of markets, including directly to consumers, small and mid-sized businesses, and education, enterprise and government customers through its retail and online stores and its direct sales force.

Closing Price
Day's Change
1.97 (1.37%)
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Jack in the Box stock slips after profit misses expectations, while revenue and same-store sales beat

8:46 am ET August 10, 2022 (MarketWatch)

Shares of Jack in the Box Inc. (JACK) slipped 0.6% in premarket trading Wednesday, after the fast-food burger chain reported second-quarter profit that missed expectations but revenue and same-store sales that beat, as traffic declines were partially offset by a higher average check, due mostly to higher pricing. Net income fell to $22.9 million, or $1.08 a share, from $40.0 million, or $1.79 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $1.38 missed the FactSet consensus of $1.45. Revenue jumped 47.8% to $398.3 million, above the FactSet consensus of 383.4 million, as same-store sales declined 0.6% but beat expectations for a 1.6% drop. Sales for the company's Del Taco restaurant chain rose 3.3%, and same-store sales increased 3.5%. Restaurant-level margin fell to 15.8% from 25.4%, due to increases in food and packaging costs, wage inflation of 13.2% and higher utilities and maintenance costs, partially offset by menu price increases. The stock has lost 9.4% over the past three months through Tuesday, while the S&P 500 has gained 3.0%.

-Tomi Kilgore


(END) Dow Jones Newswires

August 10, 2022 08:46 ET (12:46 GMT)

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