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Jan 21, 2024

Jack in the Box Q1 2024 Earnings Report

Jack in the Box Inc. reported first quarter 2024 earnings, with Jack in the Box same-store sales increasing by 0.8% and Del Taco same-store sales increasing by 2.2%.

Key Takeaways

Jack in the Box Inc. announced its financial results for Q1 2024, showing a diluted EPS of $1.93 and an operating EPS of $1.95. The company experienced same-store sales growth for both Jack in the Box and Del Taco brands. Total revenues decreased by 7.5% to $487.5 million compared to the prior year quarter.

Jack in the Box same-store sales increased by 0.8%.

Del Taco same-store sales increased by 2.2%.

Diluted EPS was reported at $1.93; Operating EPS at $1.95.

Jack in the Box restaurant level margin increased to 23.1%, up 3.3% from the prior year.

Total Revenue
$487M
Previous year: $527M
-7.5%
EPS
$1.95
Previous year: $2.01
-3.0%
Company Same-Store Sales
2%
Previous year: 12.6%
-84.1%
Franchise Same-Store Sales
0.7%
Previous year: 7.4%
-90.5%
System Same-Store Sales
0.8%
Previous year: 7.8%
-89.7%
Gross Profit
$150M
Previous year: $161M
-7.0%
Cash and Equivalents
$82.5M
Previous year: $154M
-46.4%
Free Cash Flow
-$61.5M
Previous year: $38.4M
-260.0%
Total Assets
$2.89B
Previous year: $2.91B
-0.7%

Jack in the Box

Jack in the Box

Jack in the Box Revenue by Segment

Forward Guidance

All guidance and outlook provided on November 21, 2023, for the fiscal year ending September 29, 2024 remain the same as previously disclosed.

Revenue & Expenses

Visualization of income flow from segment revenue to net income