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Jan 22, 2023

Jack in the Box Q1 2023 Earnings Report

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

Key Takeaways

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.

Total Revenue
$527M
Previous year: $345M
+52.9%
EPS
$2.01
Previous year: $1.97
+2.0%
Company Same-Store Sales
12.6%
Previous year: -0.3%
-4300.0%
Franchise Same-Store Sales
7.4%
Previous year: 1.4%
+428.6%
System Same-Store Sales
7.8%
Previous year: 1.2%
+550.0%
Gross Profit
$161M
Previous year: $115M
+40.0%
Cash and Equivalents
$154M
Previous year: $70.2M
+119.1%
Free Cash Flow
$38.4M
Previous year: $24.7M
+56.0%
Total Assets
$2.91B
Previous year: $1.76B
+65.3%

Jack in the Box

Jack in the Box

Jack in the Box Revenue by Segment

Forward Guidance

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

Revenue & Expenses

Visualization of income flow from segment revenue to net income