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Jul 10, 2022

Jack in the Box Q3 2022 Earnings Report

Jack in the Box Inc. reported third quarter earnings, with revenue increasing and same-store sales mixed across its brands.

Key Takeaways

Jack in the Box Inc. announced its third-quarter results, revealing a 47.8% increase in total revenues to $398.3 million. Diluted earnings per share were reported at $1.08, while net earnings decreased to $22.9 million. Same-store sales for Jack in the Box decreased by 0.6%, while Del Taco saw an increase of 3.5%. The company is set to execute $25 million in share repurchases during the fourth quarter.

Total revenues increased by 47.8% to $398.3 million compared to the prior year quarter.

Diluted earnings per share were $1.08.

Jack in the Box same-store sales decreased 0.6%, while Del Taco's increased 3.5%.

Company plans to execute $25 million in share repurchases during the fourth quarter.

Total Revenue
$398M
Previous year: $269M
+47.8%
EPS
$1.38
Previous year: $1.79
-22.9%
Company Same-Store Sales
3.5%
Previous year: 9%
-61.1%
Franchise Same-Store Sales
-1%
Previous year: 10.3%
-109.7%
System Same-Store Sales
-0.6%
Previous year: 10.2%
-105.9%
Gross Profit
$95.3M
Previous year: $100M
-4.9%
Cash and Equivalents
$92.9M
Previous year: $102M
-9.3%
Free Cash Flow
$22.4M
Previous year: $59.1M
-62.1%
Total Assets
$2.86B
Previous year: $1.79B
+60.2%

Jack in the Box

Jack in the Box

Jack in the Box Revenue by Segment

Forward Guidance

The company provided guidance for the fiscal year ending October 2, 2022, including expectations for Jack in the Box Restaurant Level Margin and Company-wide CapEx & Other Investments.

Revenue & Expenses

Visualization of income flow from segment revenue to net income