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Sep 29, 2024
Jack in the Box Q4 2024 Earnings Report
Jack in the Box Inc. reported Q4 2024 earnings, with mixed same-store sales performance and strategic growth initiatives.
Key Takeaways
Jack in the Box Inc. announced its Q4 and full-year 2024 results, showing a decrease in total revenues by 6.2% to $349.3 million. Jack in the Box same-store sales decreased by 2.1%, while Del Taco's decreased by 3.9%. Despite these challenges, the company achieved its gross opening targets for both brands and made progress in digital initiatives and POS rollout.
Jack in the Box same-store sales decreased by 2.1% in Q4 2024.
Del Taco same-store sales decreased by 3.9% in Q4 2024.
The company opened 44 restaurants in FY 2024 and refranchised 47 Del Taco restaurants.
Total revenues decreased by 6.2% to $349.3 million in Q4 2024.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company provided guidance for fiscal year 2025, including capital expenditures, SG&A, depreciation & amortization, share repurchases, adjusted/operating EPS tax rate, adjusted EBITDA, and operating EPS. The guidance also includes expectations for same-store sales and restaurant-level margin for both Jack in the Box and Del Taco segments.
Positive Outlook
- Jack in the Box Same Store Sales of flat to +1% vs. FY 2024
- Jack in the Box 35-45 gross restaurant openings
- Jack in the Box Company-Owned Restaurant Level Margin of 20-22%
- Jack in the Box Franchise Level Margin of 40-41%
- Del Taco Same Store Sales approximately flat to -1.0% vs. FY 2024
Challenges Ahead
- Del Taco 15-20 gross restaurant openings
- Del Taco Company-Owned Restaurant Level Margin of 9-11%
- Del Taco Franchise Level Margin of 25-26%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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