Core Insights - Jack in the Box reported mixed fourth-quarter fiscal 2024 results, with earnings per share (EPS) of $1.16 exceeding estimates but revenues of $349.3 million falling short of expectations [1][9][10] Financial Performance - Operating EPS for the quarter was $1.16, up 5.5% from $1.10 in the prior-year quarter [1] - Quarterly revenues of $349.3 million missed the consensus mark of $358 million, representing a year-over-year decline of 6.2% [10] - Franchise rental revenues increased by 1.5% year over year to $87.3 million, while franchise royalties and other revenues decreased by 1.3% to $54.5 million [4] - Company-owned same-store sales declined by 2.2% year over year, contrasting with a growth of 4.4% in the prior-year quarter [5] - Systemwide same-store sales fell by 2.1% year over year, down from 3.9% growth reported in the year-ago quarter [6] Margins and Costs - The total restaurant-level adjusted margin was 15.1%, down from 18% in the prior-year quarter, attributed to reduced transactions and rising costs from inflation [20] - The total franchise level margin was 38.9%, slightly down from 39.2% in the prior-year quarter [21] - Food and packaging costs as a percentage of company restaurant sales decreased by 80 basis points to 28.4% [20] Balance Sheet and Cash Flow - As of September 29, 2024, cash totaled $54.2 million, down from $185.9 million as of October 1, 2023, while long-term debt was $1.69 billion [14] - The company repurchased 0.3 million shares in the fiscal fourth quarter and announced $180 million available under its share repurchase program [22] Future Outlook - For fiscal 2025, the company anticipates adjusted EBITDA in the range of $288-$303 million and expects operating EPS to be between $5.05 and $5.45 [23][24] - Same-store sales for Jack in the Box are expected to be flat to up 1%, while the Del Taco segment is projected to be flat to down 1% [15]

Group 1: Expansion Plans - Jack in the Box Inc. is expanding its franchise locations in West Michigan, with a new agreement to open five stores in the Detroit market [1] - The company has already initiated plans for five additional locations in West Michigan, currently under construction, expected to open over the next five years [2] - Recent openings include two Cloud Kitchens in downtown Chicago, with plans for further expansion in the Chicagoland area, including eight company-operated units and 12 new franchise commitments [3][4] Group 2: Development Efforts - Jack in the Box is focusing on collaboration with franchisees and leveraging guest insights to maintain competitive advantages, which will help lower general and administrative expenses and boost earnings [5] - In fiscal 2024, the company opened 30 new restaurants, with 16 openings in the fourth quarter, and has signed 101 agreements for a total of 464 restaurants since 2021 [6] Group 3: Market Performance - Jack in the Box stock has declined by 10.4% over the past three months, contrasting with a 5.5% growth in the Zacks Retail - Restaurants industry, attributed to softer sales performance and a decrease in transactions [8] - Despite current challenges, ongoing unit development, a focus on delivery channels, and menu innovation are expected to drive future growth [8]

Financial Data and Key Metrics Changes - In Q4 2024, Jack in the Box reported a system same-store sales decline of 2.1%, with franchise comps down 2% and company-owned comps down 2.2%, despite a 4.8% increase in price [33][36] - Consolidated adjusted EBITDA decreased to $65.5 million from $68.4 million year-over-year, primarily due to Del Taco refranchising impacts and decreased sales [41] - GAAP diluted earnings per share increased to $1.12 from $1.08 in the prior year [42] Business Line Data and Key Metrics Changes - Jack in the Box opened 16 restaurants in Q4, totaling 30 openings for the year, the highest in over a decade, with 25 closures resulting in positive net restaurant growth [34][20] - Del Taco experienced a system same-store sales decline of 3.9%, with company-owned comps down 3% and franchise comps down 4.2%, despite an 8.2% price increase [37] - Del Taco's restaurant level margin decreased to 9.3% from 14.8% in the prior year, driven by transaction declines and inflationary increases in wages [38] Market Data and Key Metrics Changes - Jack in the Box's digital sales reached over 14%, with first-party sales up 83% year-over-year in Q4 [14][33] - The company reported strong performance in new markets, with Salt Lake City restaurants averaging over 90,000 in weekly AUVs [20] - Franchise level margin for Jack in the Box was $70.9 million or 40.4% of franchise revenues, compared to $71.1 million or 39.9% a year ago [36] Company Strategy and Development Direction - The company is focused on a transformation strategy to enhance digital capabilities, with a goal of becoming a 20% digital business by 2027 [11] - Jack in the Box plans to continue expanding its restaurant footprint, with 101 development agreements for 464 restaurant commitments, including new markets like Chicago and Florida [18][19] - The company is committed to a multi-year reimage program, investing $50 million to support over 1,100 remodel requests [22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the start of fiscal 2025, with a focus on digital, value, and innovation to drive sales momentum [17] - The company anticipates facing near-term gross margin pressures due to California's new minimum wage law and commodity inflation [51] - Management highlighted the importance of driving top-line growth to improve margins, particularly in the context of ongoing inflationary pressures [62] Other Important Information - The company declared a cash dividend of $0.44 per share, to be paid on December 30, and repurchased approximately 300,000 shares for $15 million in Q4 [45] - Capital expenditures for the full year were $115.5 million, focusing on technology and digital initiatives [44] Q&A Session Summary Question: What is driving the acceleration in quarter-to-date sales? - Management noted that alignment of innovation and value has led to a meaningful improvement in same-store sales growth, with digital initiatives playing a significant role [58] Question: What is the outlook for Del Taco's restaurant level margin? - Management indicated that improvements in financial fundamentals are underway, but challenges remain due to AB1228 and inflation, impacting labor costs [62] Question: How has California's demand backdrop affected performance? - Management stated that California has performed relatively well, with franchisee performance holding steady despite broader industry challenges [68][71] Question: What is the current health of the bottom quintile of stores? - Management reported that closures were accelerated to maintain system health, with franchisee financials remaining flat year-over-year [76] Question: Can you break down the capital expenditures for next year? - Management outlined that capital expenditures will focus on new restaurant openings, digital investments, and maintenance, with a significant portion allocated to technology upgrades [80][83] Question: How is franchisee profitability characterized today? - Management indicated that franchisees are currently running flat year-over-year on profitability, with top-line growth being crucial for margin recovery [105]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED SEPTEMBER 29, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ________ TO ________. COMMISSION FILE NUMBER 1-9390 JACK IN THE BOX INC. (Exact name of registrant as specified in its charter) Delaware 95-2698708 (State of Incorporation) (I. ...

For the quarter ended September 2024, Jack In The Box (JACK) reported revenue of $349.29 million, down 6.2% over the same period last year. EPS came in at $1.16, compared to $1.09 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $357.62 million, representing a surprise of -2.33%. The company delivered an EPS surprise of +4.50%, with the consensus EPS estimate being $1.11.While investors scrutinize revenue and earnings changes year-over-year and how they compare with W ...

Jack In The Box (JACK) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $1.11 per share. This compares to earnings of $1.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.50%. A quarter ago, it was expected that this burger chain would post earnings of $1.50 per share when it actually produced earnings of $1.65, delivering a surprise of 10%.Over the last four quarters, the company ...

Exhibit 99.1 Contact: Chris Brandon Vice President, Investor Relations chris.brandon@jackinthebox.com 619.902.0269 Jack in the Box Inc. Reports Fourth Quarter and Full-Year 2024 Earnings Jack in the Box same-store sales of (2.1%) in Q4 2024, (1.3%) for FY 2024 Del Taco same-store sales of (3.9%) in Q4 2024, (1.5%) for FY 2024 Jack in the Box and Del Taco opened 44 restaurants in FY 2024, including net positive unit growth and a growing development pipeline for both brands Jack in the Box opened 30 restauran ...

The upcoming report from Jack In The Box (JACK) is expected to reveal quarterly earnings of $1.12 per share, indicating an increase of 2.8% compared to the year-ago period. Analysts forecast revenues of $357.93 million, representing a decrease of 3.9% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 3.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a ...

MONETT, Mo., Nov. 13, 2024 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY) today announced its Board of Directors declared a regular quarterly cash dividend of $.55 per share. The cash dividend on its common stock, par value $.01 per share, is payable on December 23, 2024, to stockholders of record as of December 2, 2024. About Jack Henry & Associates, Inc.® Jack Henry™ (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Jack In The Box (JACK) . This company, which is in the Zacks Retail - Restaurants industry, shows potential for another earnings beat.This burger chain has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters o ...