NASDAQ$JACK
Jack in the Box Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Jack in the Box Inc. reported second quarter earnings for 2024, with diluted EPS of $1.26 and operating EPS of $1.46.
Jack in the Box Inc. announced financial results for the second quarter ended April 14, 2024. The company reported better-than-expected earnings and margin performance despite macro headwinds and the implementation of California's minimum wage legislation. Top-line performance was impacted by a shift in consumer behavior and a delay in the Smashed Jack launch.
- Jack in the Box same-store sales decreased by 2.5%.
- Del Taco same-store sales decreased by 1.4%.
- Diluted EPS was $1.26; Operating EPS was $1.46.
- Jack in the Box restaurant level margin was 23.6%, up 2.2% from prior year.
Headline financials
Revenue & EPS history
Jack in the Box · Revenue · Quarterly
$365M
Revenue by segment
Jack in the Box · $373M total across 4 segments · Q4 2023
- Company restaurant sales$175M-18.4%47.0%
- Franchise rental revenues$86M+6.6%23.1%
- Franchise contributions for advertising and other services$56.4M+11.2%15.1%
- Franchise royalties and other$55.2M-3.0%14.8%
Forward guidance
The company provided guidance for the fiscal year ending September 29, 2024.
Tailwinds
- Adjusted EBITDA of $325-$330 million
- Operating EPS of $6.25-$6.40
- Depreciation & Amortization of $60-$62 million
- Jack in the Box Same Store Sales growth of Flat-to-Low Single Digits
- Company-Owned Restaurant Level Margin of 22-23%
Headwinds
- Del Taco Same Store Sales growth of Flat-to-Low Single Digits
- Del Taco Franchise Level Margin of 27-29%
- Increasing macro headwinds
- Pressure on low-income consumers
- Implementation of California's minimum wage legislation
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 2024
+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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