Loading...
•
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.
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 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%
- Includes dilutive impact from refranchising 13 Del Taco restaurants in Q1 FY 2025
- Reflecting the impact of a full year of AB1228 wage increases, higher utility costs, and low single digit commodity inflation for Jack in the Box
Revenue & Expenses
Visualization of income flow from segment revenue to net income