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Oct 03, 2021

Jack in the Box Q4 2021 Earnings Report

Jack in the Box Inc. reported growth in systemwide sales, same store sales and earnings per share for Q4 2021.

Key Takeaways

Jack in the Box Inc. announced strong Q4 2021 results, featuring growth in systemwide sales, same store sales, and diluted earnings per share. Systemwide sales increased by 8.6%, driven by positive same store sales, while diluted EPS rose by 9.8% to $1.80.

Systemwide sales increased 8.6% in Q4 2021.

Same store sales increased 0.1% in Q4 2021.

Diluted EPS increased 9.8% to $1.80 in Q4 2021.

Development agreements signed for 47 future restaurants in Q4 2021.

Total Revenue
$278M
Previous year: $255M
+9.0%
EPS
$1.8
Previous year: $1.61
+11.8%
Company Same-Store Sales
-4.4%
Previous year: 9.6%
-145.8%
Franchise Same-Store Sales
0.6%
Previous year: 12.4%
-95.2%
System Same-Store Sales
0.1%
Previous year: 12.2%
-99.2%
Gross Profit
$95M
Previous year: $93.1M
+2.0%
Cash and Equivalents
$73.6M
Previous year: $200M
-63.2%
Free Cash Flow
$45.4M
Previous year: $50.6M
-10.2%
Total Assets
$1.75B
Previous year: $1.91B
-8.2%

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 2022, including capital expenditure, SG&A, commodity and wage rate guidance, as well as provided restaurant level margin outlook and company-owned restaurant funding outlook.

Positive Outlook

  • 2022 CapEx & Other Investments Guidance of $65-75 million
  • 2022 SG&A Guidance of $92-97 million
  • 2022 Commodity Guidance up 6-7% compared to 2021
  • 2022 Company-owned Wage Rate Guidance up 8-10% compared to 2021
  • Planning to fund up to 5 company-owned restaurants in 2022

Revenue & Expenses

Visualization of income flow from segment revenue to net income