Jack in the Box Q4 2020 Earnings Report
Key Takeaways
Jack in the Box Inc. reported a strong fourth quarter with a 12.2% increase in system same-store sales. Company same-store sales rose by 9.6%, driven by a 21.9% increase in average check, although transactions decreased by 12.3%. Earnings from continuing operations were $37.9 million, or $1.65 per diluted share, compared to $22.0 million, or $0.86 per diluted share, in the same quarter of the previous year. Non-GAAP operating earnings per share were $1.61, up from $0.95 in the prior year quarter.
Jack in the Box system same-store sales increased 12.2% for the quarter.
Company same-store sales increased 9.6% driven by average check growth of 21.9%.
Earnings from continuing operations were $37.9 million, or $1.65 per diluted share.
Adjusted EBITDA was $78.4 million compared with $66.9 million for the prior year quarter.
Jack in the Box
Jack in the Box
Jack in the Box Revenue by Segment
Forward Guidance
Given the uncertainty associated with the COVID-19 pandemic, the company has not provided any guidance for Fiscal 2021 at this time, but will evaluate on a quarterly basis, with the intent to return to providing guidance once the visibility into sustained trends becomes more clear.
Revenue & Expenses
Visualization of income flow from segment revenue to net income