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Jul 06
Jack in the Box Q3 2025 Earnings Report
Jack in the Box Inc. reported its financial results for the third quarter ended July 6, 2025, with a decrease in total revenues and mixed same-store sales performance across its brands.
Key Takeaways
Jack in the Box Inc. experienced a challenging third quarter in fiscal 2025, with total revenues decreasing by 9.8% to $333.0 million, primarily due to lower sales for both Jack in the Box and Del Taco brands, and Del Taco refranchising. The company reported diluted earnings per share of $1.15 and operating EPS of $1.02. Net earnings were $22.0 million, a significant improvement from a net loss in the prior year, largely due to lower impairment charges.
Total revenues for the third quarter decreased by 9.8% to $333.0 million compared to the prior year.
Diluted earnings per share was $1.15, and Operating EPS was $1.02 for the quarter.
Jack in the Box system same-store sales decreased by 7.1%, while Del Taco system same-store sales decreased by 2.6%.
Net earnings for the quarter were $22.0 million, a substantial recovery from a net loss of $122.3 million in the prior year quarter, mainly due to significantly lower goodwill and intangible impairment charges.
Jack in the Box
Jack in the Box
Jack in the Box Revenue by Segment
Revenue by Segment
Company Restaurant Sales Revenue
CapyFin.comFranchise Rental Revenues Revenue
CapyFin.comFranchise Royalties and Other Revenue
CapyFin.comFranchise Advertising Contributions Revenue
CapyFin.com Forward Guidance
The company provided updated expectations for the fiscal year ending September 28, 2025, focusing on capital expenditures, share repurchases, SG&A, and operating EPS, while also outlining segment-specific guidance for Jack in the Box.
Positive Outlook
- Expected Adjusted EBITDA of $270 million to $275 million for the fiscal year.
- Operating EPS projected to be between $4.55 and $4.73.
- Anticipated 30 to 35 gross restaurant openings for the Jack in the Box segment.
- Company-Owned Restaurant Level Margin for Jack in the Box expected to be 19% to 21%.
- G&A, excluding selling and advertising, is expected to be approximately 2.3% of systemwide sales.
Challenges Ahead
- Jack in the Box segment same-store sales are projected to be negative low- to mid-single digits vs. FY 2024.
- Guidance includes the impact of a full year of AB1228 wage increases.
- Higher utility costs are expected to impact profitability.
- Low to mid-single digit commodity inflation is anticipated.
- Total Share Repurchases are limited to $5 million, all of which occurred in the first quarter of 2025, indicating no further buybacks planned for the remainder of the year.