Jack in the Box Inc. reported a net loss of $142.2 million in the second quarter of fiscal 2025, a significant decrease from net earnings of $25.0 million in the prior year quarter, primarily due to a non-cash goodwill and intangible impairment charge for Del Taco. Total revenues decreased by 7.8% to $336.7 million.
Diluted loss per share was ($7.47), compared to diluted earnings per share of $1.26 in the prior year quarter.
Operating Earnings Per Share, a non-GAAP measure, was $1.20, down from $1.46 in the prior year quarter.
Jack in the Box system same-store sales decreased 4.4%, and Del Taco system same-store sales decreased 3.6%.
The company recognized a non-cash goodwill and intangible impairment charge of $203.2 million relating to the Del Taco reporting unit.
All guidance measures remain the same as provided on April 23, 2025, as part of the 'JACK on Track' plan announcement.
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