NASDAQ$JACK

Jack in the Box Inc · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Jack in the Box Inc. reported Q4 2024 earnings, with mixed same-store sales performance and strategic growth initiatives.

Jack in the Box Inc. announced its Q4 and full-year 2024 results, showing a decrease in total revenues by 6.2% to $349.3 million. Jack in the Box same-store sales decreased by 2.1%, while Del Taco's decreased by 3.9%. Despite these challenges, the company achieved its gross opening targets for both brands and made progress in digital initiatives and POS rollout.

  • Jack in the Box same-store sales decreased by 2.1% in Q4 2024.
  • Del Taco same-store sales decreased by 3.9% in Q4 2024.
  • The company opened 44 restaurants in FY 2024 and refranchised 47 Del Taco restaurants.
  • Total revenues decreased by 6.2% to $349.3 million in Q4 2024.

Headline financials

Total Revenue

$349M

Previous: $373M-6.2%
EPS (adj)

$1.16

Previous: $1.09+6.4%
Company same-store sales change

-2.2%

Previous: 4.4%-150.0%
Franchise same-store sales change

-2.0%

Previous: 3.8%-152.6%
System same-store sales change

-2.1%

Previous: 3.9%-153.8%
Restaurant-Level Margin

$18.50

No prior period
Franchise-Level Margin

$40.40

No prior period
Adjusted EBITDA

$65.5M

No prior period
Capital Expenditures

-$29.7M

Previous: -$18.3M-62.5%
Net Income

$21.9M

Previous: $21.9M+0.2%
Operating Income

$47.7M

Previous: $45.7M+4.5%
Gross Profit

$86.2M

Previous: $95.1M-9.3%
Stock-Based Comp

$2.45M

Previous: $3.21M-23.7%

Revenue & EPS history

Jack in the Box · Revenue · Quarterly

$349M

Q4 2024-6.2%vs Q4 2023
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 company provided guidance for fiscal year 2025, including capital expenditures, SG&A, depreciation & amortization, share repurchases, adjusted/operating EPS tax rate, adjusted EBITDA, and operating EPS. The guidance also includes expectations for same-store sales and restaurant-level margin for both Jack in the Box and Del Taco segments.

Tailwinds

  • Jack in the Box Same Store Sales of flat to +1% vs. FY 2024
  • Jack in the Box 35-45 gross restaurant openings
  • Jack in the Box Company-Owned Restaurant Level Margin of 20-22%
  • Jack in the Box Franchise Level Margin of 40-41%
  • Del Taco Same Store Sales approximately flat to -1.0% vs. FY 2024

Headwinds

  • Del Taco 15-20 gross restaurant openings
  • Del Taco Company-Owned Restaurant Level Margin of 9-11%
  • Del Taco Franchise Level Margin of 25-26%
  • Includes dilutive impact from refranchising 13 Del Taco restaurants in Q1 FY 2025
  • Reflecting the impact of a full year of AB1228 wage increases, higher utility costs, and low single digit commodity inflation for Jack in the Box

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 2024

Historical avgQ4 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

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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