NASDAQ$JACK
Jack in the Box Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Jack in the Box Inc. reported mixed Q2 2022 results, with systemwide sales growth offset by same-store sales decline, and welcomed Del Taco to the Jack in the Box family.
Jack in the Box Inc. announced its Q2 2022 financial results, which included the acquisition of Del Taco. Systemwide sales increased for both Jack in the Box and Del Taco, but Jack in the Box experienced a same-store sales decrease. The company is finalizing sale leasebacks and refranchising to accelerate return of cash to shareholders.
- Jack in the Box systemwide sales grew by 0.1%, while Del Taco's increased by 2.9%.
- Jack in the Box same-store sales decreased by 0.8%, but showed a two-year growth of 19.8%.
- Del Taco same-store sales increased by 2.5%, with a two-year growth of 22.3%.
- The company is working to finalize sale leasebacks and refranchising efforts to return cash to shareholders.
Headline financials
Revenue & EPS history
Jack in the Box · Revenue · Quarterly
$322M
Revenue by segment
Jack in the Box · $322M total across 4 segments · Q2 2022
- Company restaurant sales$151M+76.0%46.9%
- Franchise rental revenues$76.6M-1.7%23.8%
- Franchise contributions for advertising and other services$47.3M+2.6%14.7%
- Franchise royalties and other$47.1M-0.3%14.6%
Forward guidance
The company provided FY 2022 guidance, including company-wide operating EPS of $5.80 to $6.10 and same-store sales guidance for Jack in the Box and Del Taco, but all guidance and outlook measures related specifically to Del Taco will debut in 2023.
Tailwinds
- Company-wide Operating EPS Guidance of $5.80 to $6.10 for FY 2022.
- Jack in the Box: Flat to +1.0% same-store sales for FY 2022
- Del Taco +3.0% to +4.0% same-store sales for FY 2022
- Company-wide CapEx & Other Investments Guidance, including Del Taco, now $75-80 million
- Jack in the Box Commodity Guidance now up 12-14% vs. 2021
Headwinds
- Company-wide SG&A Guidance, including Del Taco, now $120-130 million (Excludes net COLI gains/losses)
- Jack in the Box Commodity Guidance now up 12-14% vs. 2021
- Jack in the Box Company-owned Wage Rate Guidance now up 12-13% vs. 2021
- Overall Restaurant Level Margin is now expected to be ~17%
- All guidance and outlook measures related specifically to Del Taco will debut in 2023
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 Q2 2022
+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
| Quarter | Report date | Reaction (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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