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Apr 14, 2024
Jack in the Box Q2 2024 Earnings Report
Jack in the Box Inc. reported second quarter earnings for 2024, with diluted EPS of $1.26 and operating EPS of $1.46.
Key Takeaways
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.
Revenue by Segment
Forward Guidance
The company provided guidance for the fiscal year ending September 29, 2024.
Positive Outlook
- 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%
Challenges Ahead
- 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
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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