NASDAQ$JACK

Jack in the Box Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Jack in the Box Inc. reported Q4 2023 earnings, marked by positive unit growth, successful new market openings, accelerated Del Taco refranchising, strong same stores sales performance and improvements in restaurant-level profitability.

Jack in the Box Inc. announced its Q4 2023 financial results, with total revenues decreasing by 7.5% to $372.5 million. Net earnings decreased to $21.9 million, with diluted earnings per share at $1.08. Despite industry headwinds, the company achieved positive unit growth and strong same-store sales performance for Jack in the Box.

  • Jack in the Box same-store sales increased by 3.9% in Q4 2023.
  • Del Taco same-store sales decreased by 1.5% in Q4 2023.
  • The company repurchased 0.4 million shares of common stock in Q4 2023.
  • Jack in the Box opened its first-ever restaurant in Louisville, with stronger-than-expected sales performance.

Headline financials

Total Revenue

$373M

Previous: $403M-7.5%
EPS (adj)

$1.09

Previous: $1.33-18.0%
Company same-store sales change

4.4%

Previous: 11.4%-61.4%
Franchise same-store sales change

3.8%

Previous: 3.2%+18.7%
System same-store sales change

3.9%

Previous: 4.0%-2.5%
Capital Expenditures

-$18.3M

Previous: $12.1M-250.8%
Free Cash Flow

$14.7M

Previous: $46.9M-68.8%
Net Income

$21.9M

Previous: $45.9M-52.3%
Operating Income

$45.7M

Previous: $84.4M-45.9%
Gross Profit

$95.1M

Previous: $114M-16.6%
Cash & Equivalents

$186M

Previous: $109M+70.7%
Total Assets

$3B

Previous: $2.92B+2.7%
Stock-Based Comp

$3.21M

Previous: $1.58M+103.3%

Revenue & EPS history

Jack in the Box · Revenue · Quarterly

$373M

Q4 2023-7.5%vs Q4 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Jack in the Box · $373M total across 4 segments · Q4 2023

  • Company restaurant sales
    $175M-18.4%
  • Franchise rental revenues
    $86M+6.6%
  • Franchise contributions for advertising and other services
    $56.4M+11.2%
  • Franchise royalties and other
    $55.2M-3.0%

Forward guidance

The following guidance and underlying assumptions reflect the company’s current expectations for the fiscal year ending September 29, 2024:

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 Q4 2023

Historical avgQ4 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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