NASDAQ$JACK

Jack in the Box Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Jack in the Box Inc. reported strong Q1 2023 results driven by successful marketing, operations, and development strategies.

Jack in the Box Inc. announced positive first quarter results, with diluted EPS of $2.54 and operating EPS of $2.01. The company saw same-store sales increases for both Jack in the Box and Del Taco, as well as systemwide sales growth. Total revenues increased by 52.9% to $527.1 million.

  • Jack in the Box same-store sales increased by 7.8%.
  • Del Taco same-store sales increased by 3.0%.
  • Diluted EPS reached $2.54; Operating EPS was $2.01.
  • Total revenues grew to $527.1 million, a 52.9% increase.

Headline financials

Total Revenue

$527M

Previous: $345M+52.9%
EPS (adj)

$2.01

Previous: $1.97+2.0%
Company same-store sales change

12.6%

Previous: -0.3%+4300.0%
Franchise same-store sales change

7.4%

Previous: 1.4%+428.6%
System same-store sales change

7.8%

Previous: 1.2%+550.0%
Capital Expenditures

-$24M

Previous: -$9.4M-155.6%
Free Cash Flow

$29.2M

Previous: $29.9M-2.2%
Net Income

$53.3M

Previous: $39.3M+35.6%
Operating Income

$101M

Previous: $73.7M+36.9%
Gross Profit

$357M

Previous: $267M+33.3%
Cash & Equivalents

$154M

Previous: $70.2M+119.1%
Total Assets

$2.91B

Previous: $1.76B+65.3%
Stock-Based Comp

$3.53M

Previous: $1.02M+247.2%

Revenue & EPS history

Jack in the Box · Revenue · Quarterly

$527M

Q1 2023+52.9%vs Q1 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Jack in the Box · $527M total across 4 segments · Q1 2023

  • Company restaurant sales
    $270M+125.1%
  • Franchise rental revenues
    $109M+5.6%
  • Franchise royalties and other
    $76.4M+25.7%
  • Franchise contributions for advertising and other services
    $71.7M+17.9%

Forward guidance

The company expects to drive meaningful systemwide sales growth in 2023 and improve franchise profitability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+0.1%

Avg return

Earnings day

+0.1%

Avg return

5 days after

-3.5%

Avg return

30 days after

47%

32 / 68 earnings

Positive

+20.0%

Q3 2019

Best reaction

-18.1%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-14.3%-10.6%+4.5%
Q1 2026-18.1%-20.9%-50.0%
Q4 2025+7.9%+35.3%+35.0%
Q2 2025-6.6%-14.3%-28.7%
Q1 2025+11.8%+5.5%-19.2%
Q4 2024+3.8%+4.2%-11.5%
Q3 2024-2.7%+1.3%-12.6%
Q2 2024+0.6%-0.4%+4.1%
Q1 2024-4.6%-4.0%-8.7%
Q4 2023+2.5%+0.6%+20.3%
Q3 2023-6.9%-10.3%-16.9%
Q2 2023-0.5%-3.5%-4.8%
Q1 2023+12.1%+11.3%+11.7%
Q4 2022-15.3%-14.7%-20.3%
Q3 2022+12.5%+17.8%+8.3%
Q2 2022-5.5%-3.7%-16.5%
Q1 2022-3.6%-2.8%+0.9%
Q4 2021-6.6%-8.2%-11.4%
Q3 2021-3.6%-4.9%+0.0%
Q2 2021-6.7%-5.1%-2.6%
Q1 2021-1.2%-1.9%+15.5%
Q4 2020+4.2%+4.1%+5.5%
Q3 2020-2.9%-7.0%-2.0%
Q2 2020-0.5%-3.1%+7.8%
Q1 2020-0.6%-1.5%-73.2%
Q4 2019-5.1%-8.1%-8.6%
Q3 2019+20.0%+20.9%+21.6%
Q2 2019+1.9%+5.9%+10.5%
Q1 2019-2.1%-1.5%-4.6%
Q4 2018+4.9%+8.6%-0.3%
Q3 2018+8.2%+3.9%+1.9%
Q2 2018-7.3%-8.6%-4.6%
Q1 2018+1.7%+2.1%-4.9%
Q4 2017+1.0%+4.1%-4.2%
Q3 2017+0.8%+3.3%-2.7%
Q2 2017+8.1%+4.5%+6.7%
Q1 2017-9.9%-11.7%-6.7%
Q4 2016+6.0%+5.9%+9.5%
Q3 2016+9.6%+9.4%+14.7%
Q2 2016+9.1%
Q1 2016-13.9%
Q4 2015+5.0%
Q3 2015-5.5%
Q2 2015-4.4%
Q1 2015+8.7%
Q4 2014+6.6%
Q3 2014+6.4%
Q2 2014-0.2%
Q1 2014+9.5%
Q4 2013+6.2%
Q3 2013+3.6%
Q2 2013-3.3%
Q1 2013+3.4%
Q4 2012+4.6%
Q3 2012-2.0%
Q2 2012+4.2%
Q1 2012-2.2%
Q4 2011-4.8%
Q4 2010-4.8%
Q3 2011+6.4%
Q2 2011+4.8%
Q1 2010-5.0%
Q1 2011+1.0%
Q2 2010-0.9%
Q4 2008-0.9%
Q4 2009-6.7%
Q3 2009-6.7%
Q3 2010-6.7%

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