Jack in the Box Inc. (NASDAQ: JACK) stock slightly rose over 1.4% in the pre-market session of November 21st, 2019 (as of 8:25 am GMT-5; Source: Google finance) after the company better than expected fourth quarter of FY 19. Jack in the Box has reported net income of $22.1 million compared with net income of $18.3 million in the year-ago period. JACK in the fourth quarter of FY 19 has reported the adjusted earnings per share of 95 cents, while adjusted revenue growth of 25 percent to $221.2 million in the fourth quarter of FY 19. Additionally, the company had repurchased approximately 1.4 million shares of its common stock in the fourth quarter of fiscal 2019 at an average price of $87.33 per share for an aggregate cost of $125.3 million and has also repurchased approximately 0.7 million shares of its common stock quarter-to-date in the first quarter of fiscal 2020. The company currently have about $109 million remaining under share repurchase programs authorized by its Board of Directors that expire in November 2020. On November 15, 2019, the company has authorized an additional $100 million share repurchase program that expires in November 2021 For fiscal 2020, the company expects System same-store sales growth to be in the range of approximately 1.5 to 3.0 percent. Restaurant-Level Margin is expected to be of approximately 25 percent of company restaurant sales, including the expected commodity cost inflation of approximately 4 percent, and high-single-digit wage inflation. SG&A as a percentage of revenues is expected to be in the range of approximately 8.0 to 8.5 percent. G&A as a percentage of system-wide sales is expected to be in the range of approximately 1.7 to 1.9 percent. Approximately 25 to 35 new restaurants is expected to open system-wide, substantially all of which will be franchise locations. 2020 Capital expenditures and tenant improvement allowances is expected to be in the range of approximately $45 to $55 million, collectively, excluding purchases of assets held for sale and leaseback. Tax rate is expected to be in the range of approximately 26 to 27 percent, which will be subject to fluctuations arising from the impact of excess tax benefits from share-based compensation arrangements. Adjusted EBITDA is expected to be in the range of approximately $265 to $275 million.