Jack in the Box Inc (JACK)

Jack in the Box Inc. Announces Leadership TransitionMay 13, 2026 4:05 PM
Business Wire Chair of the Board Mark King Appointed Interim Chief Executive Officer Alan Smolinisky Appointed Lead Independent Director Jack in the Box Inc. (NASDAQ: JACK) today announced that its Board of Directors has appointed Mark King as Executive Chairman and Interim Chief Executive Officer, effective immediately. Mr. King, a member of the Board since November 2025 and its Chair since March 2026, succeeds Lance Tucker. Alan Smolinisky, a member of the Board since November 2025, has been appointed Lead Independent Director. As Interim CEO, Mr. King will focus on accelerating Jack in the Box’s transformation, supported by strong knowledge of the Company’s business and over four decades of experience at major global brands. Mr. King previously served as CEO of Taco Bell Corp., where he led franchise operations and enhanced consumer engagement during a period of significant growth. He also served as CEO of Xponential Fitness, emphasizing franchisee health and a customer-centric culture. “I am pleased to serve as Interim CEO of Jack in the Box as we work with urgency to improve operating results and enhance shareholder value,” said Mr. King. “Jack in the Box is an iconic brand with a talented team and solid foundation. We are committed to executing on our ‘JACK on Track’ plan with discipline and at speed. We will continue to empower our franchisees to deliver a high-quality guest experience as we grow same-store sales, expand margins, and reduce debt.” “Mark is a proven leader with significant restaurant and retail industry expertise that will benefit Jack in the Box as we continue to advance our strategic initiatives with discipline,” said Mr. Smolinisky. “Our Board believes Mark is well positioned to increase the pace of our progress and capture the growth opportunities ahead for the brand while we conduct the search for Jack in the Box’s next CEO.” Mr. King continued, “On behalf of everyone at Jack in the Box, I want to thank Lance for his contributions to the Company. Lance’s leadership established a clear strategic path toward a simpler, more focused business through ‘JACK on Track,’ which we will continue to accelerate. We wish him the best.” Mr. Tucker added, “It has been a privilege to lead Jack in the Box, working alongside an incredible team and dedicated franchisees. I look forward to seeing the team’s future success.” Second Quarter 2026 Earnings Results In a separate press release issued today, Jack in the Box announced its earnings results for the second quarter of fiscal 2026. Mr. King will join CFO Dawn Hooper to host a webcast to review the Company’s results at 5 p.m. EDT. Additional information can be found at investors.jackinthebox.com. About Jack in the Box Inc. Jack in the Box Inc. (NASDAQ: JACK), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box®, one of the nation's largest hamburger chains with 2,128 restaurants across 24 states. For more information, including franchising opportunities, visit www.jackinthebox.com. Safe Harbor Statement This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements may be identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “goals,” “guidance,” “intend,” “plan,” “project,” “may,” “will,” “would” and similar expressions. These statements are based on management’s current expectations, estimates, forecasts and projections about our business and the industry in which we operate. These estimates and assumptions involve known and unknown risks, uncertainties, and other factors that are in some cases beyond our control. Factors that may cause our actual results to differ materially from any forward-looking statements include, but are not limited to: the success of new products, marketing initiatives and restaurant remodels and drive-thru enhancements; the impact of competition, unemployment, trends in consumer spending patterns and commodity costs; the Company’s ability to achieve and manage its planned growth, which is affected by the availability of a sufficient number of suitable new restaurant sites, the performance of new restaurants, risks relating to expansion into new markets and successful franchise development; the ability to attract, train and retain top-performing personnel, litigation risks; risks associated with disagreements with franchisees; supply chain disruption; food-safety incidents or negative publicity impacting the reputation of the Company's brand; increased regulatory and legal complexities, risks associated with the amount and terms of the securitized debt issued by certain of our wholly owned subsidiaries; stock market volatility. These and other factors are discussed in the Company’s annual report on Form 10-K and its periodic reports on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”), which are available online at http://investors.jackinthebox.com or in hard copy upon request. The Company undertakes no obligation to update or revise any forward-looking statement, whether as the result of new information or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20260513809820/en/ Rachel Webb
858-522-4556
rachel.webb@jackinthebox.com Original: Jack in the Box Inc. Announces Leadership Transition

Jack in the Box Inc. Reports Second Quarter 2026 EarningsMay 13, 2026 4:10 PM
Business Wire Jack in the Box same-store sales of (3.8%) Diluted EPS from continuing operations of $0.65 and Operating EPS of $0.76 Jack in the Box Inc. (NASDAQ: JACK) announced financial results for the second quarter ended April 12, 2026. “Second quarter results did not meet expectations, however trends have improved into the third quarter. Jack in the Box is an iconic brand, and I'm eager to dive in with our passionate team and franchisees to further improve operating results. After being on the Board and now as interim CEO, my excitement for the potential of this brand has only grown,” said Mark King, Jack in the Box Interim Chief Executive Officer. “We plan to accelerate our 'JACK on Track' commitments as we strengthen our foundation to support sustainable, long-term growth.” Jack in the Box Performance Same-store sales decreased 3.8% in the second quarter, comprised of franchise same-store sales decline of 3.9% and company-owned same-store sales decline of 2.8%. Sales performance resulted primarily from a decline in transactions, partially offset by an increase in price. Systemwide sales for the second quarter decreased 3.8%. Restaurant-Level Margin(1), a non-GAAP measure, was $15.5 million, or 16.4%, down from $18.7 million, or 19.6%, a year ago driven primarily by commodity cost inflation, and a change in the mix of restaurants, partially offset by increased price. Franchise-Level Margin(1), a non-GAAP measure, was $60.5 million, or 37.9%, a decrease from $68.3 million, or 40.0%, a year ago. The decrease was primarily due to lower sales driving lower rent revenue and royalties and a decrease in the number of restaurants as part of the 'JACK on Track' closure program, as well as lower lease termination fees. Jack in the Box restaurant count remained flat in the second quarter, with 9 restaurant openings and 9 restaurant closures. Jack in the Box Same-Store Sales: 12 Weeks Ended   April 12, 2026   April 13, 2025 Company (2.8 %)   (4.0 %) Franchise (3.9 %)   (4.5 %) System (3.8 %)   (4.4 %) Jack in the Box Restaurant Counts:   2026   2025   Company   Franchise   Total   Company   Franchise   Total Restaurant count at Q1 149     1,979     2,128     152     2,038     2,190   New —     9     9     —     5     5   Closed —     (9 )   (9 )   (6 )   (6 )   (12 ) Restaurant count at end of Q2 149     1,979     2,128     146     2,037     2,183   QTD Net Restaurant Change —     —     —               QTD Net Restaurant Change % — %   — %   — %             Total revenues decreased 4.3% to $254.3 million, compared to $265.7 million in the prior year quarter. The lower revenue is primarily the result of same-store sales declines, as well as a lower number of restaurants. The SG&A expense for the second quarter was $26.4 million, a decrease of $1.8 million compared to the prior year quarter. The decrease was due primarily to the fluctuation of $1.6 million in the cash surrender value of our COLI policies, as well as lower legal costs due to a litigation reversal, partially offset by higher stock compensation due to prior year forfeitures. When excluding net COLI gains, G&A was 2.3% of systemwide sales. Net earnings from continuing operations was $12.5 million for the second quarter of fiscal 2026. This is compared with net earnings from continuing operations of $20.7 million for the second quarter of the prior year. Adjusted EBITDA(3), a non-GAAP measure, was $51.3 million in the second quarter of fiscal 2026 compared with $61.5 million for the prior year quarter. The income tax provision for continuing operations reflects an effective tax rate of 27.7% in the second quarter of 2026 as compared to 27.6% in the prior year. The current year effective tax rate differed from the U.S. statutory tax rate primarily due to a reduction of the valuation allowance on cumulative interest deduction limitations and the nondeductible component of share-based compensation. The non-GAAP operating EPS tax rate for the second quarter of 2026 was 31.1%, which differed from the effective tax rate as it is without the impacts of the reduction in the valuation allowance on cumulative interest deduction limitations and nondeductible component of share-based compensation. Second quarter diluted earnings per share from continuing operations was $0.65 in 2026, compared to $1.09 in the prior year quarter. Operating Earnings Per Share(2), a non-GAAP measure, was $0.76 in the second quarter of fiscal 2026 compared with $1.25 in the prior year quarter. (1) Restaurant-Level Margin and Franchise-Level Margin are non-GAAP measures. These non-GAAP measures are reconciled to earnings (loss) from operations, the most comparable GAAP measure, in the attachment to this release. See "Reconciliation of Non-GAAP Measurements to GAAP Results." (2) Operating Earnings Per Share represents the diluted earnings per share on a GAAP basis, excluding certain adjustments. See "Reconciliation of Non-GAAP Measurements to GAAP Results." Operating earnings per share may not add due to rounding. (3) Adjusted EBITDA represents net earnings on a GAAP basis excluding certain adjustments. See "Reconciliation of Non-GAAP Measurements to GAAP Results." Del Taco Discontinued Operations On October 15, 2025, the Company entered into a definitive agreement to sell Del Taco Holdings Inc. (“Del Taco”), which owns and operates the Company’s Del Taco restaurant operations, to Yadav Enterprises, Inc., a California corporation (“Buyer”) and Anil Yadav (“Buyer Guarantor”), which was completed on December 22, 2025. As a result of the sale, operating results for Del Taco are included in discontinued operations for all periods presented. There were losses from discontinued operations, net of taxes of $2.3 million for the second quarter of 2026, compared with losses from discontinued operations, net of taxes of $162.9 million in the prior year quarter. Capital Allocation The Company did not repurchase any shares of our common stock in the second quarter. As of the end of the second quarter, there was $175.0 million remaining under the Board-authorized stock buyback program. Following the second quarter, the Company is in the process of withdrawing excess COLI funding of approximately $71.0 million, which is expected to be used along with cash on hand to prepay approximately $99.0 million the 2019-1 Class A-2-II Notes in the third quarter. The Company is actively pursuing refinancing its 2019-1 Class A-2-II Notes and 2022-1 Class A-2-I Notes, which have anticipated repayment dates of August 2026 and February 2027, respectively. Guidance Updates The Company updated its guidance. The below reflects updated expectations for the fiscal year ending September 27, 2026. Low Single Digit Same-Store Sales Decline vs. Fiscal Year 2025 Company-Owned Restaurant Level Margin of approximately 17% This includes mid-single-digit commodity inflation and low-single-digit wage inflation. Franchise Level Margin of $265 to $275 million As the Company continues to execute its “JACK on Track” plan, which includes a block closure program and selling real estate, both of which influence Franchise Level Margin, visibility into timing is limited. SG&A of $115 to $125 million G&A, excluding selling and advertising and COLI, is expected to be approximately 2.3% of systemwide sales. Adjusted EBITDA of $225 to $235 million The below guidance remains unchanged for the company's expectations for fiscal year ending September 27, 2026. Jack in the Box Restaurant Count of 2,050 to 2,100 This includes approximately 20 new restaurant openings and approximately 50 to 100 closures, most of which will be franchise restaurants. The Company expects an acceleration of closures into the back half of fiscal 2026 as it continues to execute its “JACK on Track” plan. Depreciation and Amortization of $45 to $50 million Capital Expenditures of $45 to $55 million, prioritizing sales-driving investments in technology As previously mentioned, the company has discontinued its dividend and share repurchase program. Conference Call The Company will host a conference call for analysts and investors on Wednesday, May 13, 2026, beginning at 2:00 p.m. PT (5:00 p.m. ET). The call will be webcast live via the Investors section of the Jack in the Box company website at http://investors.jackinthebox.com. A replay of the call will be available through the Jack in the Box Inc. corporate website for 21 days. The call can be accessed via phone by dialing (888) 596-4144 and using ID 7573961. About Jack in the Box Inc. Jack in the Box Inc. (NASDAQ: JACK), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box®, one of the nation's largest hamburger chains with 2,128 restaurants across 24 states. For more information, including franchising opportunities, visit www.jackinthebox.com. Category: Earnings Safe Harbor Statement This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements may be identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “goals,” “guidance,” “intend,” “plan,” “project,” “may,” “will,” “would” and similar expressions. These statements are based on management’s current expectations, estimates, forecasts and projections about our business and the industry in which we operate. These estimates and assumptions involve known and unknown risks, uncertainties, and other factors that are in some cases beyond our control. Factors that may cause our actual results to differ materially from any forward-looking statements include, but are not limited to: the success of new products, marketing initiatives and restaurant remodels and drive-thru enhancements; the impact of competition, unemployment, trends in consumer spending patterns and commodity costs; the Company’s ability to achieve and manage its planned growth, which is affected by the availability of a sufficient number of suitable new restaurant sites, the performance of new restaurants, risks relating to expansion into new markets and successful franchise development; the ability to attract, train and retain top-performing personnel, litigation risks; risks associated with disagreements with franchisees; supply chain disruption; food-safety incidents or negative publicity impacting the reputation of the Company's brand; increased regulatory and legal complexities, risks associated with the amount and terms of the securitized debt issued by certain of our wholly owned subsidiaries; stock market volatility. These and other factors are discussed in the Company’s annual report on Form 10-K and its periodic reports on Form 10-Q filed with the Securities and Exchange Commission, which are available online at http://investors.jackinthebox.com or in hard copy upon request. The Company undertakes no obligation to update or revise any forward-looking statement, whether as the result of new information or otherwise.   JACK IN THE BOX INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) (In thousands, except per share data) (Unaudited)     12 Weeks Ended   28 Weeks Ended   April 12, 2026   April 13, 2025   April 12, 2026   April 13, 2025 Revenues:               Company restaurant sales $ 94,696     $ 95,095     $ 226,603     $ 228,850   Franchise rental revenues   72,122       77,935       169,509       183,716   Franchise royalties and other   43,039       45,754       101,915       109,369   Franchise contributions for advertising and other services   44,407       46,947       105,754       114,860       254,264       265,731       603,781       636,795   Operating costs and expenses, net:               Food and packaging   27,388       26,437       66,620       61,127   Payroll and employee benefits   33,683       32,178       80,260       76,706   Occupancy and other   18,105       17,804       42,906       41,344   Franchise occupancy expenses   50,048       51,153       116,349       119,069   Franchise support and other costs   3,421       3,198       7,181       6,499   Franchise advertising and other services expenses   45,621       48,029       109,093       117,021   Selling, general and administrative expenses   26,421       28,221       63,439       69,377   Depreciation and amortization   10,981       8,069       24,590       20,526   Pre-opening costs   146       599       205       2,056   Other operating expenses, net   3,003       1,760       11,053       4,307   Gains on the sale of company-operated restaurants   (21 )     —       (21 )     —       218,796       217,448       521,675       518,032   Earnings from operations   35,468       48,283       82,106       118,763   Other pension and post-retirement expenses, net   1,263       1,341       2,947       3,130   Interest expense, net   16,871       18,351       40,553       42,731   Earnings before income taxes   17,334       28,591       38,606       72,902   Income tax expense   4,793       7,892       11,676       21,207   Earnings from continuing operations   12,541       20,699       26,930       51,695   Losses from discontinued operations, net of taxes   (2,296 )     (162,927 )     (19,143 )     (160,237 ) Net earnings (loss) $ 10,245     $ (142,228 )   $ 7,787     $ (108,542 )                 Net earnings (loss) per share - basic:               Earnings from continuing operations $ 0.65     $ 1.09     $ 1.40     $ 2.71   Losses from discontinued operations   (0.12 )     (8.56 )     (1.00 )     (8.41 ) Net earnings (loss) per share (1) $ 0.53     $ (7.47 )   $ 0.41     $ (5.70 ) Net earnings (loss) per share - diluted:               Earnings from continuing operations $ 0.65     $ 1.09     $ 1.40     $ 2.71   Losses from discontinued operations   (0.12 )     (8.56 )     (0.99 )     (8.41 ) Net earnings (loss) per share (1) $ 0.53     $ (7.47 )   $ 0.40     $ (5.70 )                 Weighted-average shares outstanding:               Basic   19,255       19,043       19,188       19,047   Diluted   19,387       19,043       19,287       19,047                   Dividends declared per common share $ —     $ 0.44     $ —     $ 0.88   ____________________ (1) Earnings (loss) per share may not add due to rounding.   JACK IN THE BOX INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share and per share data) (Unaudited)     April 12,
2026   September 28,
2025 ASSETS       Current assets:       Cash $ 43,035     $ 45,766   Restricted cash   26,329       30,282   Accounts and other receivables, net   120,202       73,744   Inventories   2,368       2,346   Prepaid expenses   11,065       13,604   Current assets held for sale   15,440       46,042   Other current assets   8,185       8,588   Total current assets   226,624       220,372   Property and equipment:       Property and equipment, at cost   1,169,593       1,150,490   Less accumulated depreciation and amortization   (836,090 )     (806,873 ) Property and equipment, net   333,503       343,617   Other assets:       Operating lease right-of-use assets   991,099       1,005,024   Goodwill   136,026       136,026   Deferred tax assets   55,493       61,501   Non-current assets held for sale   —       574,967   Other assets, net   262,629       251,914   Total other assets   1,445,247       2,029,432     $ 2,005,374     $ 2,593,421   LIABILITIES AND STOCKHOLDERS’ DEFICIT       Current liabilities:       Current maturities of long-term debt $ 28,186     $ 29,458   Current operating lease liabilities   134,832       138,199   Accounts payable   49,004       56,349   Accrued liabilities   136,714       142,478   Current liabilities held for sale   —       64,139   Total current liabilities   348,736       430,623   Long-term liabilities:       Long-term debt, net of current maturities   1,558,212       1,674,235   Long-term operating lease liabilities, net of current portion   888,901       907,910   Non-current liabilities held for sale   —       377,445   Other long-term liabilities   131,577       141,479   Total long-term liabilities   2,578,690       3,101,069   Stockholders’ deficit:       Preferred stock $0.01 par value, 15,000,000 shares authorized, none issued   —       —   Common stock $0.01 par value, 175,000,000 shares authorized, 83,176,452 and 83,012,784 issued and outstanding, respectively   832       830   Capital in excess of par value   549,679       542,177   Retained earnings   1,776,992       1,769,205   Accumulated other comprehensive loss   (48,930 )     (49,858 ) Treasury stock, at cost, 64,120,270 shares, respectively   (3,200,625 )     (3,200,625 ) Total stockholders’ deficit   (922,052 )     (938,271 )   $ 2,005,374     $ 2,593,421     JACK IN THE BOX INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited)     Year-to-date Cash flows from operating activities: April 12, 2026   April 13, 2025 Net earnings (loss) $ 7,787     $ (108,542 ) Losses from discontinued operations   (19,143 )     (160,237 ) Earnings from continuing operations   26,930       51,695   Adjustments to reconcile net loss to net cash provided by operating activities:       Depreciation and amortization   24,590       20,526   Amortization of franchise tenant improvement allowances and incentives   3,185       3,368   Deferred finance cost amortization   2,453       2,572   Tax deficiency from share-based compensation arrangements   1,557       1,435   Deferred income taxes   13,161       (6,212 ) Share-based compensation expense   7,580       4,685   Pension and post-retirement expense   2,947       3,130   (Gains) losses on cash surrender value of company-owned life insurance   (4,155 )     2,242   Gains on the sale of company-operated restaurants   (21 )     —   (Gains) losses on the disposition of property and equipment, net   (8,178 )     423   Impairment charges   357       684   Changes in assets and liabilities:       Accounts and other receivables   (24,267 )     (27,670 ) Inventories   (21 )     (75 ) Prepaid expenses and other current assets   6,407       (4,220 ) Operating lease right-of-use assets and lease liabilities   (8,861 )     (9,795 ) Accounts payable   10,715       6,417   Accrued liabilities   (4,612 )     (10,585 ) Pension and post-retirement contributions   (3,565 )     (3,833 ) Franchise tenant improvement allowance and incentive disbursements   (15,702 )     (2,904 ) Other   (13,416 )     29,158   Net cash flows provided by operating activities   17,084       61,041   Cash flows from investing activities:       Purchases of property and equipment   (34,531 )     (39,860 ) Purchases of assets intended for sale or leaseback   —       (5,724 ) Proceeds from the sale of property and equipment   14,702       15,110   Proceeds from the sale and leaseback of assets   3,616       —   Proceeds from the sale of company-operated restaurants   36       —   Other   2,800       3,303   Net cash flows used in investing activities   (13,377 )     (27,171 ) Cash flows from financing activities:       Repayments of borrowings on revolving credit facilities   —       (6,000 ) Principal repayments on debt   (119,350 )     (14,914 ) Dividends paid on common stock   —       (16,614 ) Proceeds from issuance of common stock   2       2   Repurchases of common stock   —       (4,999 ) Payroll tax payments for equity award issuances   (1,105 )     (2,453 ) Net cash flows used in financing activities   (120,453 )     (44,978 ) Net cash flows used in continuing operations   (116,746 )     (11,108 ) Net cash (used in) provided by operating activities of discontinued operations   (13,679 )     7,849   Net cash provided by (used in) investing activities of discontinued operations   118,014       (5,300 ) Net cash used in financing activities of discontinued operations   (38 )     (16 ) Net cash provided by discontinued operations   104,297       2,533   Cash and restricted cash at beginning of period, including discontinued operations cash   81,813       54,167   Cash and restricted cash at end of period, including discontinued operations cash $ 69,364     $ 45,592     JACK IN THE BOX INC. AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) DATA
(Unaudited) The following table presents certain income and expense items included in our condensed consolidated statements of earnings (loss) as a percentage of total revenues, unless otherwise indicated. Percentages may not add due to rounding.   12 Weeks Ended   28 Weeks Ended   April 12, 2026   April 13, 2025   April 12,
2026   April 13,
2025 Revenues:               Company restaurant sales 37.2 %   35.8 %   37.5 %   35.9 % Franchise rental revenues 28.4 %   29.3 %   28.1 %   28.9 % Franchise royalties and other 16.9 %   17.2 %   16.9 %   17.2 % Franchise contributions for advertising and other services 17.5 %   17.7 %   17.5 %   18.0 %   100.0 %   100.0 %   100.0 %   100.0 % Operating costs and expenses, net:               Food and packaging (1) 28.9 %   27.8 %   29.4 %   26.7 % Payroll and employee benefits (1) 35.6 %   33.8 %   35.4 %   33.5 % Occupancy and other (1) 19.1 %   18.7 %   18.9 %   18.1 % Franchise occupancy expenses (2) 69.4 %   65.6 %   68.6 %   64.8 % Franchise support and other costs (3) 7.9 %   7.0 %   7.0 %   5.9 % Franchise advertising and other services expenses (4) 102.7 %   102.3 %   103.2 %   101.9 % Selling, general and administrative expenses 10.4 %   10.6 %   10.5 %   10.9 % Depreciation and amortization 4.3 %   3.0 %   4.1 %   3.2 % Pre-opening costs 0.1 %   0.2 %   0.0 %   0.3 % Other operating expenses, net 1.2 %   0.7 %   1.8 %   0.7 % Gains on the sale of company-operated restaurants              (0.0 )% — %              (0.0 )% — %  Earnings from continuing operations 13.9 %   18.2 %   13.6 %   18.7 % Income tax rate (5) 27.7 %   27.6 %   30.2 %   29.1 % ____________________ (1) As a percentage of company restaurant sales. (2) As a percentage of franchise rental revenues. (3) As a percentage of franchise royalties and other. (4) As a percentage of franchise contributions for advertising and other services. (5) As a percentage of earnings (loss) from operations and before income taxes.   Jack in the Box systemwide sales (in thousands): 12 Weeks Ended   28 Weeks Ended   April 12, 2026   April 13, 2025   April 12, 2026   April 13, 2025 Company-operated restaurant sales $ 94,696   $ 95,095   $ 226,603   $ 228,850 Franchised restaurant sales (1)   829,948     865,609     1,966,590     2,097,956 Systemwide sales (1) $ 924,644   $ 960,704   $ 2,193,193   $ 2,326,806 ____________________ (1) Franchised restaurant sales represent sales at franchised restaurants and are revenues of our franchisees. Systemwide sales include company and franchised restaurant sales. We do not record franchised sales as revenues; however, our royalty revenues, marketing fees and percentage rent revenues are calculated based on a percentage of franchised sales. We believe franchised and systemwide restaurant sales information is useful to investors as they have a direct effect on the company's profitability. JACK IN THE BOX INC. AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP MEASUREMENTS TO GAAP RESULTS
(Unaudited) To supplement the condensed consolidated financial statements, which are presented in accordance with GAAP, the Company uses the following non-GAAP measures: Adjusted Net Income, Operating Earnings Per Share, Adjusted EBITDA, Restaurant-Level Margin and Franchise-Level Margin. Management believes that these measurements, when viewed with the Company's results of operations in accordance with GAAP and the accompanying reconciliations in the tables below, provide useful information about operating performance and period-over-period changes, and provide additional information that is useful for evaluating the operating performance of the Company's core business without regard to potential distortions. Operating Earnings Per Share Operating Earnings Per Share represents diluted earnings per share from continuing operations on a GAAP basis excluding restructuring, integration and other, net COLI (gains) losses, pension and post-retirement benefit costs, impairment charges, gains on the sale of company-operated restaurants, losses on the sale of real estate to franchisees, excess tax shortfall from share-based compensation arrangements, and other tax-related impacts. Operating Earnings Per Share should be considered as a supplement to, not as a substitute for, analysis of results as reported under U.S. GAAP or other similarly titled measures of other companies. Management believes Operating Earnings Per Share provides investors with a meaningful supplement of the Company’s operating performance and period-over-period changes without regard to potential distortions. Below is a reconciliation of Non-GAAP Adjusted Net Income to the most directly comparable GAAP measure of net income. Also below is a reconciliation of Non-GAAP Operating Earnings Per Share to the most directly comparable GAAP measure, diluted earnings per share from continuing operations:     12 Weeks Ended     April 12, 2026   April 13, 2025 Net earnings from continuing operations, as reported   $ 12,541     $ 20,699   Restructuring, integration and other (1)     2,929       213   Net COLI (gains) losses (2)     (188 )     1,407   Pension and post-retirement benefit costs (3)     1,263       1,341   Impairment charges     174       75   Gains on the sale of company-operated restaurants     (21 )     —   Loss on the sale of real estate to franchisees (4)     —       27   Excess tax shortfall from share-based compensation arrangements     159       324   Tax impact of adjustments (5)     (2,053 )     (335 ) Non-GAAP Adjusted Net Income   $ 14,804     $ 23,751             Diluted weighted-average shares outstanding     19,387       19,043             Diluted earnings per share from continuing operations – GAAP   $ 0.65     $ 1.09   Restructuring, integration and other (1)     0.15       0.01   Net COLI (gains) losses (2)     (0.01 )     0.07   Pension and post-retirement benefit costs (3)     0.07       0.07   Impairment charges     0.01       0.00   Gains on the sale of company-operated restaurants     (0.00 )     —   Loss on the sale of real estate to franchisees (4)     —       0.00   Excess tax shortfall from share-based compensation arrangements     0.01       0.02   Tax impact of adjustments (5)     (0.11 )     (0.02 ) Operating Earnings Per Share – non-GAAP (6)   $ 0.76     $ 1.25   ____________________ (1) Restructuring, integration and other reflects charges that are not part of our ongoing operations, including proxy contest fees and other consulting fees for discrete project-based strategic initiatives that are not expected to recur in the foreseeable future. (2) Net COLI (gains)/ losses reflect market-based adjustments on the company-owned life insurance policies, net of changes in our non-qualified deferred compensation obligation supported by these policies. (3) Pension and post-retirement benefit costs relating to our two legacy defined benefit pension plans, as well as our two legacy post-retirement plans. (4) Losses/ (gains) on the sale of real estate to franchisees are included in this reconciliation as the Company expects to have higher than normal sales of real estate in an effort to pay down debt. (5) Tax impacts are calculated based on the non-GAAP Operating EPS tax rate of 31.1% in the current quarter and 24.9% in the prior year quarter. (6) Operating Earnings Per Share may not add due to rounding. Adjusted EBITDA Adjusted EBITDA represents net earnings from continuing operations on a GAAP basis excluding income taxes, interest expense, net, other operating expenses, net, depreciation and amortization, amortization of cloud computing costs, amortization of favorable and unfavorable leases and subleases, net, amortization of franchise tenant improvement allowances and other, net COLI (gains)/losses, and pension and post-retirement benefit costs. Adjusted EBITDA should be considered as a supplement to, not as a substitute for, analysis of results as reported under U.S. GAAP or other similarly titled measures of other companies. Management believes Adjusted EBITDA is useful to investors to gain an understanding of the factors and trends affecting the Company's ongoing cash earnings, from which capital investments are made and debt is serviced. Below is a reconciliation of non-GAAP Adjusted EBITDA to the most directly comparable GAAP measure, net earnings from continuing operations (in thousands):   12 Weeks Ended   April 12, 2026   April 13, 2025 Net earnings from continuing operations, as reported $ 12,541     $ 20,699   Income taxes   4,793       7,892   Interest expense, net   16,871       18,351   Losses on the sale of company-operated restaurants   (21 )     —   Other operating expenses, net (1)   3,003       1,760   Depreciation and amortization   10,981       8,069   Amortization of cloud-computing costs (2)   460       238   Amortization of favorable and unfavorable leases and subleases, net (3)   (7 )     (7 ) Amortization of franchise tenant improvement allowances and other   1,627       1,762   Net COLI (gains)/losses (4)   (188 )     1,407   Pension and post-retirement benefit costs (5)   1,263       1,341   Adjusted EBITDA – non-GAAP $ 51,323     $ 61,512   ____________________ (1) Other operating expense, net includes: restructuring, integration and other; costs of closed restaurants; impairment charges; accelerated depreciation and gains/losses on disposition of property and equipment, net. (2) Amortization of cloud computing costs includes the amounts for the non-cash amortization of capitalized implementation costs related to cloud-based software arrangements that are included within selling, general and administrative expenses. (3) Amortization of favorable and unfavorable leases and subleases, net, which is not already included in the other operating expense, net, noted above. (4) Net COLI (gains)/losses reflect market-based adjustments on the company-owned life insurance policies, net of changes in our non-qualified deferred compensation obligation supported by these policies. (5) Pension and post-retirement benefit costs relating to our two legacy defined benefit pension plans, as well as the two legacy post-retirement plans. Restaurant-Level Margin Restaurant-Level Margin is defined as company restaurant sales less restaurant operating costs (food and packaging, labor, and occupancy costs) and is neither required by, nor presented in accordance with GAAP. Restaurant-Level Margin excludes revenues and expenses of our franchise operations and selling, general, and administrative expenses. Certain other costs are also excluded, such as depreciation and amortization, pre-opening costs, other operating expenses, net, and gains on the sale of company-operated restaurants. As such, Restaurant-Level Margin is not indicative of the overall results of the Company and does not accrue directly to the benefit of shareholders because of the exclusion of corporate-level expenses. Restaurant-Level Margin should be considered as a supplement to, not as a substitute for, analysis of results as reported under GAAP or other similarly titled measures of other companies. The Company is presenting Restaurant-Level Margin because it believes that it provides a meaningful supplement to net earnings of the company's core business operating results, as well as a comparison to those of other similar companies. Management utilizes Restaurant-Level Margin as a key performance indicator to evaluate the profitability of company-operated restaurants. Below is a reconciliation of non-GAAP Restaurant-Level Margin to the most directly comparable GAAP measure, earnings from continuing operations (in thousands):     12 Weeks Ended     April 12,
2026   April 13,
2025 Earnings from operations - GAAP   $ 35,468     $ 48,283   Franchise rental revenues     (72,122 )     (77,935 ) Franchise royalties and other     (43,039 )     (45,754 ) Franchise contributions for advertising and other services     (44,407 )     (46,947 ) Franchise occupancy expenses     50,048       51,153   Franchise support and other costs     3,421       3,198   Franchise advertising and other services expenses     45,621       48,029   Selling, general and administrative expenses     26,421       28,221   Depreciation and amortization     10,981       8,069   Pre-opening costs     146       599   Other operating expenses, net     3,003       1,760   Gains on the sale of company-operated restaurants     (21 )     —   Restaurant-Level Margin - Non-GAAP   $ 15,520     $ 18,676             Company restaurant sales   $ 94,696     $ 95,095             Restaurant-Level Margin % - Non-GAAP     16.4 %     19.6 %   Franchise-Level Margin Franchise-Level Margin is defined as franchise revenues less franchise operating costs (occupancy expenses, advertising contributions, and franchise support and other costs) and is neither required by, nor presented in accordance with GAAP. Franchise-Level Margin excludes revenue and expenses of our company-operated restaurants and selling, general, and administrative expenses. Certain other costs are also excluded, such as depreciation and amortization, pre-opening, other operating expenses, net, and gains on the sale of company-operated restaurants. As such, Franchise-Level Margin is not indicative of the overall results of the Company and does not accrue directly to the benefit of shareholders because of the exclusion of corporate-level expenses. Franchise-Level Margin should be considered as a supplement to, not as a substitute for, analysis of results as reported under GAAP or other similarly titled measures of other companies. The Company is presenting Franchise-Level Margin because it believes that it provides a meaningful supplement to net earnings of the Company's core business operating results, as well as a comparison to those of other similar companies. Management utilizes Franchise-Level Margin as a key performance indicator to evaluate the profitability of our franchise operations. Below is a reconciliation of non-GAAP Franchise-Level Margin to the most directly comparable GAAP measure, earnings from continuing operations (in thousands):     12 Weeks Ended     April 12,
2026   April 13,
2025 Earnings from operations - GAAP   $ 35,468     $ 48,283   Company restaurant sales     (94,696 )     (95,095 ) Food and packaging     27,388       26,437   Payroll and employee benefits     33,683       32,178   Occupancy and other     18,105       17,804   Selling, general and administrative expenses     26,421       28,221   Depreciation and amortization     10,981       8,069   Pre-opening costs     146       599   Other operating expenses, net     3,003       1,760   Gains on the sale of company-operated restaurants     (21 )     —   Franchise-Level Margin - Non-GAAP   $ 60,478     $ 68,256             Franchise rental revenues   $ 72,122     $ 77,935   Franchise royalties and other     43,039       45,754   Franchise contributions for advertising and other services     44,407       46,947   Total franchise revenues   $ 159,568     $ 170,636             Franchise-Level Margin % - Non-GAAP     37.9 %     40.0 %   View source version on businesswire.com: https://www.businesswire.com/news/home/20260513023034/en/ Rachel Webb
Vice President, Investor Relations
rachel.webb@jackinthebox.com
858.522.4556 Original: Jack in the Box Inc. Reports Second Quarter 2026 Earnings

Jack in the Box Inc. Advances Board Refreshment with Appointment of Eduardo LuzApril 13, 2026 4:10 PM
Business Wire
Accomplished Restaurant Executive Joins as Independent Director to Support Transformation


David Goebel and Madeleine Kleiner to Retire from the Board


Jack in the Box Inc. (“Jack in the Box” or the “Company”) (NASDAQ: JACK) today announced that Eduardo Luz has been appointed to its Board of Directors (the “Board”) as an independent director. The Company also announced that David Goebel and Madeleine Kleiner will retire from the Board, effective May 8, 2026.


With these actions, the Board will reduce its size to nine members. Mr. Luz joins as part of Jack in the Box’s continued focus on maintaining a best-in-class Board, which has resulted in significant refreshment over the past year. The Board will continue to evaluate opportunities for additional refreshment to ensure its composition and skillsets continue to reflect the evolving needs of the business.


“We are pleased to welcome Eduardo to Jack in the Box’s Board. Eduardo is an accomplished restaurant industry executive with significant leadership and brand-building experience that will be an important asset as we continue to advance Jack in the Box’s transformation,” said Mark King, Independent Chair of the Board. “Today’s announcement reflects our commitment to continued Board refreshment along with thoughtful engagement with our shareholders and responsiveness to their feedback. We continue to see significant opportunity for value creation at Jack in the Box and have full confidence in our ability to drive same-store sales, reduce debt, and improve margins.”


Mr. King continued, “I also want to thank Dave and Madi for their service and contributions to Jack in the Box. They have both been valued members of the Board, and we wish them the best.”


"I am thrilled to join the Board and advance Jack in the Box’s transformation," said Mr. Luz. "Jack in the Box has a strong brand and a proven commitment to innovate for its guests. I look forward to partnering with the Board and management team to build on the company’s momentum and drive long-term growth.”


About Eduardo Luz


Mr. Luz has over 30 years of experience building and growing businesses and brands across the restaurant and consumer goods industries, with global expertise in scaled platforms. Mr. Luz most recently served as CEO of P. F. Chang’s, where he drove performance through streamlined operations, investment in digital capabilities, and value-oriented offerings that enhanced the global guest experience. Prior to P. F. Chang’s, Mr. Luz served as Chief Brand and Concept Officer at Panera Bread, leading brand strategy and integrated digital, marketing, and menu innovation functions. Earlier in his career, Mr. Luz served as Zone President, North America and President, Grocery business unit at The Kraft Heinz Company. Mr. Luz started his career as a management consultant at Accenture and holds an MBA from The Wharton School.


About Jack in the Box Inc.


Jack in the Box Inc. (NASDAQ: JACK), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box®, one of the nation's largest hamburger chains with approximately 2,125 restaurants across 22 states. For more information, including franchising opportunities, visit www.jackinthebox.com.


Safe Harbor Statement


This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements may be identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “goals,” “guidance,” “intend,” “plan,” “project,” “may,” “will,” “would” and similar expressions. These statements are based on management’s current expectations, estimates, forecasts and projections about our business and the industry in which we operate. These estimates and assumptions involve known and unknown risks, uncertainties, and other factors that are in some cases beyond our control. Factors that may cause our actual results to differ materially from any forward-looking statements include, but are not limited to: the success of new products, marketing initiatives and restaurant remodels and drive-thru enhancements; the impact of competition, unemployment, trends in consumer spending patterns and commodity costs; the Company’s ability to achieve and manage its planned growth, which is affected by the availability of a sufficient number of suitable new restaurant sites, the performance of new restaurants, risks relating to expansion into new markets and successful franchise development; the ability to attract, train and retain top-performing personnel, litigation risks; risks associated with disagreements with franchisees; supply chain disruption; food-safety incidents or negative publicity impacting the reputation of the Company's brand; increased regulatory and legal complexities, risks associated with the amount and terms of the securitized debt issued by certain of our wholly owned subsidiaries; stock market volatility. These and other factors are discussed in the Company’s annual report on Form 10-K and its periodic reports on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”), which are available online at http://investors.jackinthebox.com or in hard copy upon request. The Company undertakes no obligation to update or revise any forward-looking statement, whether as the result of new information or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260413859540/en/
Rachel Webb

858-522-4556

rachel.webb@jackinthebox.com


Original: Jack in the Box Inc. Advances Board Refreshment with Appointment of Eduardo Luz

Jack in the Box Drops Smashed Jack Sliders Munchie Meal With Surprise Cups and a Chance to Win $75,000April 2, 2026 1:48 PM
Business Wire
Smashed Jack Sliders paired with limited-edition collectible pins turn every meal into a surprise reveal where everyone’s a winner


Jack in the Box (NASDAQ: JACK) is continuing the 75th anniversary celebrations doing what it does best: going bigger on flavor with a fun twist fans are going to love. Introducing the new Smashed Jack Sliders Munchie Meal, a limited-time drop that brings bold flavor, new collectibles and a chance to win $75K.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260402940260/en/Introducing the new Smashed Jack Sliders Munchie Meal, a limited-time drop that brings bold flavor, new collectibles and a chance to win $75K.
At the center of it all are the Smashed Jack Sliders, a craveable spin on the Best Rated Burger in Fast Food*: the Smashed Jack Burger. Each slider features a 2oz smashed beef patty with melty American cheese layered on both sides of the patty, topped with a pickle and Smashed Jack sauce, all served on a soft slider bun. The result is the same flavor fans love, now in a more snackable format perfect for sharing…or not.


“As we celebrate our 75th birthday, this is a fun, nostalgic-yet-modern way to lean into what Jack does best: big flavor in unexpected form,” said Chef Ciaran, Executive Chef at Jack in the Box. “Building off the success of the Smashed Jack platform, we didn’t set out to reinvent it – we wanted to preserve what makes it work. We kept the same ingredients and bold flavor profile, then scaled the proportions so each slider delivers that same impact in a smaller, shareable bite. It’s a natural extension of our playful, irreverent brand DNA – where bold size contrasts, from Monster to Tiny, continue to drive what’s next.”


Surprise Cups + $75,000 Giveaway


The delicious bites are just the start: the Smashed Jack Sliders Munchie Meal also includes two of Jack’s famous tacos, medium curly fires, a small drink and…a limited edition Surprise Cup, hiding a collectible Jack pin inside. Inspired by blind bag culture, each cup adds a little fun to your order, taking your munchies to the next level.


And the best part? Everyone’s a winner! Every pin includes an entry for a chance to win the $75,000 grand prize and unlocks an exclusive digital offer in the Jack app. Score a rare gold pin and win $1,000 instantly. After 75 years of the Jack Pack riding with us, a simple “thank you” just doesn't cut it.


The Smashed Jack Sliders Munchie Meal with Surprise Cup is available for a limited time at participating Jack in the Box restaurants, on the Jack app and at jackinthebox.com. NO PURCHASE NECESSARY. Open to legal U.S. residents 18+. Void where prohibited. Sweepstakes ends 6/14/26. For full Official Rules, including entry details and prize restrictions, visit www.jacks75kgiveaway.com.


About Jack in the Box Inc.


Jack in the Box Inc. (NASDAQ: JACK), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box®, one of the nation's largest hamburger chains with approximately 2,125 restaurants across 22 states. For more information, including franchising opportunities, visit www.jackinthebox.com.


*Based on a consumer taste test survey rating the Classic Smashed Jack and Bacon Double Smashed Jack compared to burgers from fast-food companies like Burger King, McDonalds and Wendy’s, etc.


Category: Corporate

View source version on businesswire.com: https://www.businesswire.com/news/home/20260402940260/en/
Public Relations, Jack in the Box

media@jackinthebox.com


Original: Jack in the Box Drops Smashed Jack Sliders Munchie Meal With Surprise Cups and a Chance to Win $75,000

Jack in the Box Inc. Announces Katelyn Zborowski as Chief Marketing OfficerMarch 30, 2026 7:30 AM
Business Wire
Jack in the Box deepens commitment to innovation and marketing as part of Jack’s Way


Jack in the Box Inc. (“Jack in the Box” or the “Company”) (NASDAQ: JACK), today announced that it has appointed Katelyn Zborowski as the Company’s new Chief Marketing Officer, effective today. Zborowski will lead the Company’s marketing strategy, with a focus on driving demand through innovation, delivering profitable value, and bringing Jack’s Way to life across the brand.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260330339939/en/Katelyn Zborowski, Chief Marketing Officer, Jack in the Box Inc.
Zborowski is a consumer-led marketing executive with over 15 years of experience delivering category-defining innovation. She spent over a decade with Yum! Brands, most recently serving as Head of Brand Strategy and Marketing at Pizza Hut. Prior to Pizza Hut, Zborowski led global brand management and portfolio strategy as the Director of Brand Marketing at Taco Bell, where she drove sales growth through more than 40 innovative LTOs.


“We are thrilled to welcome Katelyn to Jack in the Box as we continue to strengthen our brand and improve how we show up for guests,” said Chief Executive Officer Lance Tucker. “Katelyn’s proven ability to translate deep consumer insights into relevant marketing that drives traffic and builds lasting brand connection will be pivotal to driving sustainable, long-term growth.”


“I’m excited to join Jack in the Box and lead the brand’s marketing strategy to drive sales and inspire brand loyalty,” said Zborowski. “I look forward to working with the Jack team to build on the brand’s strong foundation, deepen our connection with guests, and drive demand through bold, insight-led marketing.”


About Jack in the Box Inc.


Jack in the Box Inc. (NASDAQ: JACK), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box®, one of the nation's largest hamburger chains with approximately 2,125 restaurants across 22 states. For more information, including franchising opportunities, visit www.jackinthebox.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260330339939/en/
Rachel Webb

858-522-4556

rachel.webb@jackinthebox.com


Original: Jack in the Box Inc. Announces Katelyn Zborowski as Chief Marketing Officer

Jack in the Box Selects Restaurant365 As Its Sole Back-Office Inventory PlatformMarch 5, 2026 9:00 AM
PR Newswire (US)

Industry-leading QSR brand standardizes on Restaurant365 to unify systemwide back-office operations to bolster efficiency and profitabilityIRVINE, Calif., March 5, 2026 /PRNewswire/ -- Restaurant365, the leading all-in-one restaurant management platform, today announced that Jack in the Box Inc. (NASDAQ: JACK) selected Restaurant365 as its mandated back-office inventory solution across the Jack in the Box system and has successfully deployed Restaurant365 as their centralized inventory platform across all 2,128 corporate and franchisee locations.







Jack in the Box selected Restaurant365 following an extensive proof of concept and pilot program to validate the platform's ability to support the brand's scale, franchise model, and long-term growth strategy. The partnership is designed to simplify the brand's technology environment, deliver real-time financial and operational visibility, and provide franchisees with tools to improve profitability and execution across thousands of locations."Jack in the Box needed a single, restaurant-specific back-office platform that could scale with our growth, support our franchisees, and integrate seamlessly into our broader technology ecosystem," said Doug Cook, Chief Technology Officer at Jack in the Box. "Restaurant365 delivers unified, real-time visibility into sales, food costs, and labor while automating the manual processes that slow operators down. That combination of control, efficiency, and scalability made R365 the right strategic partner for our system."Restaurant365 also provides the accounting engine for approximately half of all Jack in the Box restaurants, giving franchisees real-time financial reporting, AP automation, and multi-entity management that help them scale without added overhead."Jack in the Box is one of the most iconic brands in quick-service, and we're proud to support their next phase of growth," said Tony Smith, Co-Founder and CEO of Restaurant365. "By standardizing on Restaurant365, Jack in the Box is bringing its data into one unified platform — giving both corporate leaders and franchisees the visibility and control they need to make faster, more informed decisions and drive stronger performance."About Jack in the Box Jack in the Box Inc. (NASDAQ: JACK), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box®, one of the nation's largest hamburger chains with approximately 2,128 restaurants across 21 states. For more information, including franchising opportunities, visit www.jackinthebox.com.About Restaurant365® Restaurant365 is the AI platform restaurants trust to run a more profitable business by centralizing accounting, inventory, workforce management, and payroll. Purpose-built for the restaurant industry, R365 unifies operational and financial data to deliver insights and automation that help operators control food and labor costs, accelerate financial close, and reduce time spent on manual tasks. Restaurant365's connected ecosystem includes integrations with hundreds of leading POS systems, vendors, and banks for unmatched operational visibility and efficiency. The company is headquartered in Irvine, California, and is backed by Bessemer Venture Partners, ICONIQ, KKR, L Catterton, and Serent Capital. Additional information is available at restaurant365.com.Press related questions about Restaurant365, please contact Restaurant365@nextpr.com



View original content to download multimedia:https://www.prnewswire.com/news-releases/jack-in-the-box-selects-restaurant365-as-its-sole-back-office-inventory-platform-302704588.htmlSOURCE Restaurant365

Original: Jack in the Box Selects Restaurant365 As Its Sole Back-Office Inventory Platform

Jack in the Box Supports Make-A-Wish® for the 13th Year In A RowMarch 4, 2026 1:30 PM
Business Wire
Throughout the month of March, guests can purchase $1 Wish Stars to help grant life-changing wishes for local children.


Jack in the Box is proud to celebrate 13 years of partnership with Make-A-Wish® Arizona through its annual Wish Star fundraising campaign. Throughout the month of March, more than 180 restaurants across Arizona and the Imperial Valley will invite guests to purchase $1 Wish Stars in support of granting life-changing wishes for local children.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260304859766/en/Throughout the month of March, more than 180 restaurants across Arizona and the Imperial Valley will invite guests to purchase $1 Wish Stars in support of granting life-changing wishes for local children.
Since the campaign began, franchisees, team members, and generous guests have raised more than $2.5 million to help Arizona children battling critical illnesses. Those funds have helped Make-A-Wish Arizona continue delivering meaningful experiences to families across the state.


“Each year, I continue to be amazed by the generosity of our guests and the dedication of our Jack in the Box team members in supporting the Make-A-Wish mission,” said Adam Stine, Jack in the Box® Franchise Operator. “As we celebrate 13 years of our Wish Star campaign, it’s incredible to see how far we’ve come — from our very first campaign to raising $2.5 million over the years. Knowing these dollars directly help grant life-changing wishes for Arizona kids is what keeps us coming back, year after year.”


Guests interested in participating can head to their nearest Jack in the Box throughout Arizona from March 1 through 31 to purchase a $1 Wish Star.


About Make-A-Wish® Arizona


Make-A-Wish delivers hope and joy to children and their families when they need it most. Make-A-Wish aims to bring the power of wishing to every child with a critical illness because wish experiences can help improve emotional and physical health. For more information about Make-A-Wish Arizona, visit arizona.wish.org.


About Jack in the Box Inc.


Jack in the Box Inc. (NASDAQ: JACK), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box®, one of the nation's largest hamburger chains with approximately 2,125 restaurants across 22 states. For more information, including franchising opportunities, visit www.jackinthebox.com.


Category: Corporate

View source version on businesswire.com: https://www.businesswire.com/news/home/20260304859766/en/
Public Relations, Jack in the Box

media@jackinthebox.com


Original: Jack in the Box Supports Make-A-Wish® for the 13th Year In A Row

Jack in the Box Shareholders Re-Elect All 10 of its Board of Director Nominees and Approve Each of the Company’s ProposalsMarch 2, 2026 4:30 PM
Business Wire
Mark King Appointed Independent Chair of the Board of Directors


Jack in the Box Inc. (“Jack in the Box” or the “Company”) (NASDAQ: JACK), today announced that the preliminary vote count from the Company’s independent Inspector of Elections indicates that shareholders have voted to elect all 10 of the Company’s nominees to the Jack in the Box Board of Directors (the “Board”) at the Company’s 2026 Annual Meeting of Shareholders (the “Annual Meeting”). In addition, the preliminary vote count indicates that shareholders approved each of the Company’s proposals.


The Company also announced that the Board appointed Mark King as Independent Chair of the Board, effective February 27, 2026, succeeding David Goebel, who will not stand for re-election at next year’s Annual Meeting.


“It is an honor to serve as Chair of the Board of Jack in the Box during this transformative time for the Company,” said Mr. King. “On behalf of the full Board, we thank our shareholders for their thoughtful feedback and perspectives as we engaged with them leading up to the Annual Meeting. Looking ahead, our Board and leadership team are fully focused on improving our financial performance through the execution of our ‘JACK on Track’ plan. We will continue advancing our priorities to drive operating results, strengthen the balance sheet, position the Company for growth, and enhance long-term shareholder value.”


The results announced today are considered preliminary until final results are tabulated and certified by the independent Inspector of Elections. Jack in the Box will report final results in a current report on Form 8-K that will be filed with the Securities and Exchange Commission.


About Jack in the Box Inc.


Jack in the Box Inc. (NASDAQ: JACK), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box®, one of the nation's largest hamburger chains with approximately 2,125 restaurants across 22 states. For more information, including franchising opportunities, visit www.jackinthebox.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260302165293/en/
Rachel Webb

858-522-4556

rachel.webb@jackinthebox.com


Original: Jack in the Box Shareholders Re-Elect All 10 of its Board of Director Nominees and Approve Each of the Company’s Proposals

Biglari Capital Calls for Immediate Resignation of Jack in the Box Chairman David Goebel, Who Was Overwhelmingly Rejected by Stockholders with "Skin in the Game"February 27, 2026 1:33 PM
PR Newswire (US)

The Company Should Not Hide Behind Its Treatment of Abstain Votes — Chairman Goebel Did Not Receive a Majority of the Votes CastJack in the Box Stockholders Cannot Afford Another Year of David GoebelISS, BlackRock, Vanguard, and State Street Inexplicably Defended Long-Tenured David Goebel and Failed to Hold Any Director Accountable for JACK's Appalling Strategic Decisions and Massive Destruction of Stockholder ValueThis Proxy Contest Proved that the Chairman has been an Abject Failure — He Must Resign NowSAN ANTONIO, Feb. 27, 2026 /PRNewswire/ -- Biglari Capital Corp. ("Biglari Capital"), the largest stockholder of Jack in the Box Inc. (NasdaqGS: JACK), with a 9.86% ownership stake, today issued the following statement regarding the preliminary voting results from JACK's 2026 Annual Meeting of Stockholders.A Clear Divide: Accountability vs. Complacency Preliminary voting results from JACK's stockholder meeting reveal a stark and troubling divide. Active fund managers and retail stockholders — those who bear the real consequences of failed corporate governance — voted to hold Chairman David Goebel accountable for the destruction of stockholder value and his failure to act as a responsible steward of stockholder interests. By contrast, ISS, BlackRock, Vanguard, and State Street supported the status quo, providing cover for a board that has presided over value destruction.JACK spent $5 Million to Defend One Director for One More Year JACK spent an estimated $5 million on this proxy contest — not to protect the company's future, but to defend the reelection of David Goebel for a single additional year.Over the last five years alone, Mr. Goebel collected approximately $1.55 million in director compensation.During the same period, JACK's stockholders lost approximately 80% of their investment — roughly $1.8 billion in stockholder value.Mr. Goebel was paid millions to oversee billions in destruction.ISS, BlackRock, Vanguard, and State Street: A Governance Failure While active fund managers and retail stockholders voted for accountability, ISS and the three largest index funds — BlackRock, Vanguard, and State Street — supported JACK's failed leader.Preliminary voting data for the three index funds imply that the proxy voting teams at these firms are completely indifferent to how their decisions impact the owners whose capital they are entrusted to protect. One is left to wonder: Do these governance teams even consider the repercussions their rubber-stamping of failed leadership has on the investors who have lost 80% of the value of their JACK holdings?JACK is a poster child of everything that can go wrong at a public company — catastrophic acquisition, leadership turnover, persistent operational underperformance, and entrenched governance — yet it has still managed to secure the support of a proxy advisor and the three largest index funds. This is not governance; it is the institutionalization of unaccountability.The Underlying Investors Would DisagreeIf the ETF investors who have entrusted their savings to BlackRock, Vanguard, and State Street — retail investors saving for retirement, college, and financial security — had had a say, they likely would have voted against Goebel. These investors did not hand over their savings so that the governance teams at these institutions could give a free pass to the same failed leadership at JACK that destroyed $1.8 billion in stockholder value.Failing to hold boards accountable promotes mediocrity. It puts the entire system of meritocracy at risk. When the largest stewards of capital — BlackRock, Vanguard, and State Street — abdicate their governance responsibilities, the consequences extend far beyond any single company.JACK's False and Misleading StatementsIn addition to these governance failures, JACK made false and misleading statements in its proxy materials. Biglari Capital reserves the right to pursue all available legal remedies.ConclusionMr. Goebel should be embarrassed and ashamed of the company's performance. He should have resigned years ago instead of playing politics and trying to hold on, wasting money for personal gain while relying on abstain votes, ISS, and index funds. He has no credibility with active investors.



View original content:https://www.prnewswire.com/news-releases/biglari-capital-calls-for-immediate-resignation-of-jack-in-the-box-chairman-david-goebel-who-was-overwhelmingly-rejected-by-stockholders-with-skin-in-the-game-302699860.htmlSOURCE Biglari Capital Corp.

Original: Biglari Capital Calls for Immediate Resignation of Jack in the Box Chairman David Goebel, Who Was Overwhelmingly Rejected by Stockholders with "Skin in the Game"

BIGLARI CAPITAL URGES ALL JACK IN THE BOX SHAREHOLDERS TO VOTE AGAINST DAVID GOEBEL -- TODAYFebruary 26, 2026 10:48 PM
PR Newswire (US)

17 Years of Failed Leadership Cannot Be Undone in One More YearSAN ANTONIO, Feb. 26, 2026 /PRNewswire/ -- Biglari Capital Corp. ("Biglari Capital"), the largest shareholder of Jack in the Box Inc. (NasdaqGS: JACK), with a 9.86% ownership stake, issues this urgent call to action: Shareholders must vote AGAINST the re-election of Chairman David Goebel at tomorrow's annual meeting.The Time for Accountability Is Now
Under David Goebel's tenure as chairman, JACK shareholders have lost approximately $1.8 billion of shareholder value.Shareholder Loss Is Mr. Goebel's Gain
In the last five years alone, the very years in which JACK lost 80% of its value, Mr. Goebel collected $1.5 million in total compensation. And now JACK is wasting $5 million of shareholder capital to defend the director most responsible for the Company's precarious financial position. Shareholders bore all the losses; Mr. Goebel bore none of them.It is Time to Hold Mr. Goebel Accountable
Shareholders must acknowledge that after 17 years of failed leadership. Mr. Goebel will not suddenly generate positive returns given one more year.The chairman has a negligible stake, yet he has caused the company to spend $5 million to retain his directorship.His continued presence on the Board constrains meaningful boardroom discussion, blocking the fresh perspectives JACK urgently needs.Removing Chairman Goebel Opens the Door to Real Change
If Mr. Goebel is removed from the Board, the possibility of genuine, unconstrained board discussion on how to change the Company's trajectory becomes real. We believe the market will react positively to his removal — a signal that entrenchment is ending and accountability has arrived.One more year of Mr. Goebel's influence risks pushing JACK into financial distress from which it may be difficult to recover. The company has already been forced to suspend dividends and close 150–200 stores. This is not a moment for delay. This is a time for accountability. Shareholders must send the Board a message that performance must change. Do not support failure.VOTE AGAINST DAVID GOEBEL. VOTE NOW.If you have already voted, you can still change your vote before midnight ET. Only your last dated vote counts.Contact: info@saratogaproxy.com



View original content:https://www.prnewswire.com/news-releases/biglari-capital-urges-all-jack-in-the-box-shareholders-to-vote-against-david-goebel--today-302699248.htmlSOURCE Biglari Capital

Original: BIGLARI CAPITAL URGES ALL JACK IN THE BOX SHAREHOLDERS TO VOTE AGAINST DAVID GOEBEL -- TODAY

Biglari Capital: 18% decline in Jack in the Box Share Price after Q1 EarningsFebruary 20, 2026 8:00 AM
PR Newswire (US)

Continued Deterioration of JACK's Share Price and Operating Metrics Further Warrants Voting Against
the Election of David GoebelSAN ANTONIO, Feb. 20, 2026 /PRNewswire/ -- Biglari Capital Corp. ("Biglari Capital"), the largest shareholder of Jack in the Box Inc. (NasdaqGS: JACK) with a 9.86% ownership stake, today issued the following statement:Disastrous Quarterly Results Confirm the Need for Urgent Action For any shareholder still weighing whether Chairman Goebel's continued presence poses a real risk, JACK's first-quarter fiscal 2026 earnings provide the answer — in case the last 17 years were not convincing enough. The results are terrible by any measure:Same-store sales declined 6.7% systemwide, a sharp deterioration from the 0.4% gain in the same period last year;Adjusted EBITDA declined approx. 23% year over year; and the adjusted EBITDA margin fell to 19.5%, down 400 bps from the comparable period last year;EPS from continuing operations fell to $0.75 — a decline of 54% from the same period last year.JACK's share price fell another 18% following the earnings announcement1.We Believe JACK's Board Is Incapable of Shifting Direction as Long as David Goebel Maintains Board InfluenceWe firmly believe these latest results are a direct consequence of the Board's continued reliance on Mr. Goebel, whose tenure has already led to massive shareholder value destruction, declining profitability, and an increased risk of financial insolvency.  Since Mr. Goebel joined JACK's board in 20092:Shareholders have lost over $800 million in market value;Meanwhile, Mr. Goebel has collected over $3.7 million in total compensation. The value destruction is even higher since Mr. Goebel became chairman of the board in June 20203:Shareholders have lost over $1.2 billion in market value; Meanwhile, Mr. Goebel has collected over $1.8 million in total compensation. Given Mr. Goebel's disastrous performance, no true owner would approve of spending $5 million4 to defend his failed leadership and directorship. One more year of Mr. Goebel's leadership could cause irreparable harm. The latest earnings report is an ominous warning sign for JACK and compelling proof of why JACK needs to move away from Mr. Goebel's influence now. Today's share price is all the evidence that shareholders need to vote AGAINST Mr. Goebel, as waiting another year might just be too late. We urge ALL shareholders to vote AGAINST the re-election of 
David Goebel at the upcoming annual meeting.If you have already voted your shares, you can still change your vote. Only your last dated vote counts.Contact: info@saratogaproxy.com
                www.saratogaproxy.com/JACK1Source: FactSet. Based on change in share price from Feb. 18, 2026 to Feb. 19, 2026
2Source: Company SEC filings. FactSet, Change in market value from Dec. 16, 2008 to Feb. 18, 2026
3Source: Company SEC filings. FactSet, Change in market value from Jun. 15, 2020 to Feb. 18, 2026
4Source: Cost of proxy solicitation by JACK according to the Company's SEC filings



View original content:https://www.prnewswire.com/news-releases/biglari-capital-18-decline-in-jack-in-the-box-share-price-after-q1-earnings-302693540.htmlSOURCE Biglari Capital Corp.

Original: Biglari Capital: 18% decline in Jack in the Box Share Price after Q1 Earnings

A Matcha Made in Heaven: Jack in the Box Launches Matcha Beverage Lineup NationwideFebruary 19, 2026 3:48 PM
Business Wire
Jack in the Box is turning a trend into true innovation with the release of an all new matcha platform.


Jack in the Box (NASDAQ: JACK) is officially bringing matcha to the drive-thru. With the launch of its nationwide matcha beverage lineup, Jack in the Box becomes one of the first QSRs in the U.S. to feature matcha drinks on its menu, turning a café staple into an accessible, everyday option.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260219446634/en/The all new Matcha Platform features two unique beverages made with real matcha selected to deliver consistent flavor, color and performance from cup to cup.
The burger joint known for its tacos is notorious for coloring outside the lines, and this all new introduction of matcha is just that. With the introduction of matcha, Jack in the Box is taking a more beverage-forward approach to innovation, inspired by global flavors and café culture.


“The Matcha Platform represents a different side of Jack in the Box innovation, it’s about expanding the flavor palate, and not just pushing indulgence for indulgence sake,” said Ciaran Duffy, Executive Chef at Jack in the Box. “While we’re known for bold, craveable food, we’re also focused on evolving with consumer tastes and where trends are headed, especially with younger Millennials and Gen Z.”


Unlike coffee or traditional shakes, matcha introduces a different set of culinary considerations and requires balance and consistency. For Jack, the opportunity was not just introducing a new ingredient, but engineering it in a way that guarantees it hits just right, every single time.


The all new Matcha Platform features two unique beverages made with real matcha selected to deliver consistent flavor, color and performance from cup to cup:


Matcha Iced Latte:



Matcha tea swirled with sweetened cream and vanilla, served over ice.



OREO® Matcha Shake:



A creamy vanilla shake mixed with matcha tea and OREO® cookie crumbles, finished with whipped topping.



“When we looked at matcha, the goal wasn’t to chase a hyper-niche or ceremonial product, it was to find a matcha that delivered consistent flavor, color, and performance at scale,” said Duffy. “From a culinary standpoint, that means selecting a matcha that holds up in milk-based beverages, integrates smoothly into our equipment, and still delivers that recognizable matcha character guests expect.”


The new matcha beverages are available now nationwide at Jack in the Box restaurants, on the Jack app, or at jackinthebox.com, giving fans one more reason to hit the drive-thru.


About Jack in the Box Inc.


Jack in the Box Inc. (NASDAQ: JACK), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box®, one of the nation's largest hamburger chains with approximately 2,125 restaurants across 22 states. For more information, including franchising opportunities, visit www.jackinthebox.com.


Category: Corporate

View source version on businesswire.com: https://www.businesswire.com/news/home/20260219446634/en/
Public Relations, Jack in the Box

media@jackinthebox.com


Original: A Matcha Made in Heaven: Jack in the Box Launches Matcha Beverage Lineup Nationwide

Jack in the Box Inc. Reports First Quarter 2026 EarningsFebruary 18, 2026 4:05 PM
Business Wire
Jack in the Box same-store sales of (6.7%)


Diluted EPS from continuing operations of $0.75 and Operating EPS of $1.00


Jack in the Box Inc. (NASDAQ: JACK) announced financial results for the first quarter ended January 18, 2026.


The Company completed the sale of Del Taco Holdings Inc. (“Del Taco”) on December 22, 2025. The Del Taco results are included in discontinued operations for all periods presented.


“Our results for the quarter were in line with our expectations. We remain focused on the fundamentals, simplifying the business, and delivering on our 'JACK on Track' commitments as we build a stronger foundation for sustainable growth,” said Lance Tucker, Jack in the Box Chief Executive Officer. “Initial guest response to our 75th anniversary celebrations has been encouraging, and while there is more work ahead, we believe the steps we are taking to drive a better and more consistent guest experience will lead to much improved performance as we move through the year.”


Jack in the Box Performance


Same-store sales decreased 6.7% in the first quarter, comprised of franchise same-store sales decline of 7.0% and company-owned same-store sales decline of 4.7%. Sales performance resulted from a decline in transactions and mix, partially offset by an increase in price. Systemwide sales for the first quarter decreased 7.1%.


Restaurant-Level Margin(1), a non-GAAP measure, was $21.3 million, or 16.1%, down from $31.0 million, or 23.2%, a year ago driven primarily by commodity cost inflation, the negative impact from rolling over prior year beverage benefit, and a change in the mix of restaurants, partially offset by increased price.


Franchise-Level Margin(1), a non-GAAP measure, was $84.1 million, or 38.6%, a decrease from $97.1 million, or 40.9%, a year ago. The decrease was primarily due to lower sales driving lower rent revenue and royalties and a decrease in the number of restaurants as part of the 'JACK on Track' closure program.


Jack in the Box net restaurant count decreased in the first quarter, with six restaurant openings and 14 restaurant closures.




Jack in the Box Same-Store Sales:






16 Weeks Ended








 






January 18, 2026






 






January 19, 2025








Company






(4.7 %)






 






(0.4 %)








Franchise






(7.0 %)






 






0.5 %








System






(6.7 %)






 






0.4 %







Jack in the Box Restaurant Counts:




 






2026






 






2025








 






Company






 






Franchise






 






Total






 






Company






 






Franchise






 






Total








Restaurant count at Q4






150






 






 






1,986






 






 






2,136






 






 






150






 






2,041






 






 






2,191






 








New






1






 






 






5






 






 






6






 






 






2






 






3






 






 






5






 








Closed






(2






)






 






(12






)






 






(14






)






 






—






 






(6






)






 






(6






)








Restaurant count at end of Q1






149






 






 






1,979






 






 






2,128






 






 






152






 






2,038






 






 






2,190






 








Q1'26 QTD Net Restaurant Change






(1






)






 






(7






)






 






(8






)






 






 






 






 






 






 








QTD Net Restaurant Change






(0.7






)%






 






(0.4






)%






 






(0.4






)%






 






 






 






 






 






 







Total revenues decreased 5.8% to $349.5 million, compared to $371.1 million in the prior year quarter. The lower revenue is primarily the result of same-store sales declines, as well as a lower number of restaurants.


The SG&A expense for the first quarter was $37.0 million, a decrease of $4.1 million compared to the prior year quarter. The decrease was due primarily to the fluctuation of $3.8 million in the cash surrender value of our COLI policies. When excluding net COLI gains, G&A was 2.5% of systemwide sales.


Other operating expenses, net, were $8.1 million, an increase of $5.5 million compared to the prior year quarter. The increase was primarily due to higher professional fees associated with the proxy contest and a tax refund settlement, as well as increased costs for closed restaurants and cancellation of related projects. These costs were partially offset by gains from real estate sales.


Net earnings from continuing operations was $14.4 million for the first quarter of fiscal 2026. This is compared with net earnings from continuing operations of $31.0 million for the first quarter of the prior year.


Adjusted EBITDA(3), a non-GAAP measure, was $68.2 million in the first quarter of fiscal 2026 compared with $88.8 million for the prior year quarter.


The income tax provision for continuing operations reflects an effective tax rate of 32.4% in the first quarter of 2026 as compared to 30.0% in the prior year. This was primarily due to the establishment of valuation allowance on cumulative interest deduction limitations from current and prior fiscal years and the nondeductible component of share-based compensation largely offset by a favorable state refund claim settlement. The non-GAAP operating EPS tax rate for the first quarter of 2026 was 31.2%, primarily due to the establishment of valuation allowance on current fiscal year’s interest deduction limitation.


First quarter diluted earnings per share from continuing operations was $0.75 in 2026, compared to $1.61 in the prior year quarter. Operating Earnings Per Share(2), a non-GAAP measure, was $1.00 in the first quarter of fiscal 2026 compared with $1.86 in the prior year quarter.


(1) Restaurant-Level Margin and Franchise-Level Margin are non-GAAP measures. These non-GAAP measures are reconciled to earnings (loss) from operations, the most comparable GAAP measure, in the attachment to this release. See "Reconciliation of Non-GAAP Measurements to GAAP Results."

(2) Operating Earnings Per Share represents the diluted earnings per share on a GAAP basis, excluding certain adjustments. See "Reconciliation of Non-GAAP Measurements to GAAP Results." Operating earnings per share may not add due to rounding.

(3) Adjusted EBITDA represents net earnings on a GAAP basis excluding certain adjustments. See "Reconciliation of Non-GAAP Measurements to GAAP Results."


Del Taco Discontinued Operations


On October 15, 2025, the Company entered into a definitive agreement to sell Del Taco, which owns and operates the Company’s Del Taco restaurant operations, to Yadav Enterprises, Inc., a California corporation (“Buyer”) and Anil Yadav (“Buyer Guarantor”), which was completed on December 22, 2025. As a result of the sale, operating results for Del Taco are included in discontinued operations for all periods presented. There were losses from discontinued operations, net of taxes of $16.8 million for the first quarter of 2026, compared with earnings from discontinued operations, net of taxes of $2.7 million in the prior year quarter.


Capital Allocation


The Company did not repurchase any shares of our common stock in the first quarter. As of the end of the first quarter, there was $175.0 million remaining under the Board-authorized stock buyback program.


During the first quarter, the Company prepaid $105.0 million of the 2019-1 Class A-2-II Notes.


Guidance Updates


The Company reiterates its guidance and outlook provided on November 19, 2025, for the fiscal year ending September 27, 2026.



Jack in the Box Restaurant Count of 2,050 to 2,100


This includes approximately 20 new restaurant openings and approximately 50 to 100 closures, most of which will be franchise restaurants






Same Store Sales of -1% to +1% vs. Fiscal Year 2025


The company expects first-quarter results to remain pressured, with sequential improvement anticipated over the balance of fiscal year 2026






Company-Owned Restaurant Level Margin of 17 to 18%


This includes mid-single-digit commodity inflation and low-single-digit wage inflation






Franchise Level Margin of $275 to $290 million


As the company continues to execute its “Jack on Track” plan, which includes a block closure program and selling real estate, both of which influence Franchise Level Margin, visibility into timing is limited.






SG&A of $125 to $135 million


G&A, excluding selling and advertising, is expected to be approximately 2.5% of systemwide sales.






Depreciation and Amortization of $45 to $50 million



Adjusted EBITDA of $225 to $240 million



Capital Expenditures of $45 to $55 million, prioritizing sales-driving investments in technology



As previously mentioned, the company has discontinued its dividend and share repurchase program



Conference Call


The Company will host a conference call for analysts and investors on Wednesday, February 18, 2026, beginning at 2:00 p.m. PT (5:00 p.m. ET). The call will be webcast live via the Investors section of the Jack in the Box company website at http://investors.jackinthebox.com. A replay of the call will be available through the Jack in the Box Inc. corporate website for 21 days. The call can be accessed via phone by dialing (888) 596-4144 and using ID 7573961.


About Jack in the Box Inc.


Jack in the Box Inc. (NASDAQ: JACK), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box®, one of the nation's largest hamburger chains with approximately 2,125 restaurants across 22 states. For more information, including franchising opportunities, visit www.jackinthebox.com.


Category: Earnings


Safe Harbor Statement


This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements may be identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “goals,” “guidance,” “intend,” “plan,” “project,” “may,” “will,” “would” and similar expressions. These statements are based on management’s current expectations, estimates, forecasts and projections about our business and the industry in which we operate. These estimates and assumptions involve known and unknown risks, uncertainties, and other factors that are in some cases beyond our control. Factors that may cause our actual results to differ materially from any forward-looking statements include, but are not limited to: the success of new products, marketing initiatives and restaurant remodels and drive-thru enhancements; the impact of competition, unemployment, trends in consumer spending patterns and commodity costs; the Company’s ability to achieve and manage its planned growth, which is affected by the availability of a sufficient number of suitable new restaurant sites, the performance of new restaurants, risks relating to expansion into new markets and successful franchise development; the ability to attract, train and retain top-performing personnel, litigation risks; risks associated with disagreements with franchisees; supply chain disruption; food-safety incidents or negative publicity impacting the reputation of the Company's brand; increased regulatory and legal complexities, risks associated with the amount and terms of the securitized debt issued by certain of our wholly owned subsidiaries; stock market volatility; and the risks related to the Company’s ongoing proxy contest, potential changes in board composition or corporate strategy, and the associated costs and management distraction. These and other factors are discussed in the Company’s annual report on Form 10-K and its periodic reports on Form 10-Q filed with the Securities and Exchange Commission, which are available online at http://investors.jackinthebox.com or in hard copy upon request. The Company undertakes no obligation to update or revise any forward-looking statement, whether as the result of new information or otherwise.




JACK IN THE BOX INC. AND SUBSIDIARIES




CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS)




(In thousands, except per share data)




(Unaudited)








 






16 Weeks Ended








 






January 18, 2026






 






January 19, 2025








Revenues:






 






 






 








Company restaurant sales






$






131,907






 






 






$






133,755








Franchise rental revenues






 






97,387






 






 






 






105,781








Franchise royalties and other






 






58,876






 






 






 






63,615








Franchise contributions for advertising and other services






 






61,347






 






 






 






67,913








 






 






349,517






 






 






 






371,064








Operating costs and expenses, net:






 






 






 








Food and packaging






 






39,232






 






 






 






34,690








Payroll and employee benefits






 






46,577






 






 






 






44,528








Occupancy and other






 






24,801






 






 






 






23,540








Franchise occupancy expenses






 






66,301






 






 






 






67,916








Franchise support and other costs






 






3,760






 






 






 






3,301








Franchise advertising and other services expenses






 






63,472






 






 






 






68,992








Selling, general and administrative expenses






 






37,018






 






 






 






41,156








Depreciation and amortization






 






13,609






 






 






 






12,457








Pre-opening costs






 






59






 






 






 






1,457








Other operating expenses, net






 






8,050






 






 






 






2,547








 






 






302,879






 






 






 






300,584








Earnings from operations






 






46,638






 






 






 






70,480








Other pension and post-retirement expenses, net






 






1,684






 






 






 






1,789








Interest expense, net






 






23,682






 






 






 






24,380








Earnings before income taxes






 






21,272






 






 






 






44,311








Income tax expense






 






6,883






 






 






 






13,315








Earnings from continuing operations






$






14,389






 






 






$






30,996








(Losses) earnings from discontinued operations, net of taxes






$






(16,847






)






 






$






2,690








Net (loss) earnings






$






(2,458






)






 






$






33,686








 






 






 






 








Net earnings (loss) per share - basic:






 






 






 








Earnings from continuing operations






$






0.75






 






 






$






1.63








(Losses) earnings from discontinued operations






$






(0.88






)






 






$






0.14








Net (loss) earnings per share (1)






$






(0.13






)






 






$






1.77








Net earnings (loss) per share - diluted:






 






 






 








Earnings from continuing operations






$






0.75






 






 






$






1.61








(Losses) earnings from discontinued operations






$






(0.88






)






 






$






0.14








Net (loss) earnings per share (1)






$






(0.13






)






 






$






1.75








 






 






 






 








Weighted-average shares outstanding:






 






 






 








Basic






 






19,136






 






 






 






19,050








Diluted






 






19,234






 






 






 






19,215








 






 






 






 








Dividends declared per common share






$






—






 






 






$






0.44









____________________








(1)







Earnings per share may not add due to rounding.









JACK IN THE BOX INC. AND SUBSIDIARIES




CONDENSED CONSOLIDATED BALANCE SHEETS




(In thousands, except share and per share data)




(Unaudited)








 






January 18,

2026






 






September 28,

2025








ASSETS






 






 






 








Current assets:






 






 






 








Cash






$






71,973






 






 






$






45,766






 








Restricted cash






 






27,398






 






 






 






30,282






 








Accounts and other receivables, net






 






92,437






 






 






 






73,744






 








Inventories






 






2,771






 






 






 






2,346






 








Prepaid expenses






 






12,648






 






 






 






13,604






 








Current assets held for sale






 






16,430






 






 






 






46,042






 








Other current assets






 






8,561






 






 






 






8,588






 








Total current assets






 






232,218






 






 






 






220,372






 








Property and equipment:






 






 






 








Property and equipment, at cost






 






1,145,008






 






 






 






1,150,490






 








Less accumulated depreciation and amortization






 






(808,559






)






 






 






(806,873






)








Property and equipment, net






 






336,449






 






 






 






343,617






 








Other assets:






 






 






 








Operating lease right-of-use assets






 






1,000,680






 






 






 






1,005,024






 








Goodwill






 






136,026






 






 






 






136,026






 








Deferred tax assets






 






62,020






 






 






 






61,501






 








Non-current assets held for sale






 






—






 






 






 






574,967






 








Other assets, net






 






254,234






 






 






 






251,914






 








Total other assets






 






1,452,960






 






 






 






2,029,432






 








 






$






2,021,627






 






 






$






2,593,421






 








LIABILITIES AND STOCKHOLDERS’ DEFICIT






 






 






 








Current liabilities:






 






 






 








Current maturities of long-term debt






$






28,270






 






 






$






29,458






 








Current operating lease liabilities






 






136,668






 






 






 






138,199






 








Accounts payable






 






45,278






 






 






 






56,349






 








Accrued liabilities






 






141,810






 






 






 






142,478






 








Current liabilities held for sale






 






—






 






 






 






64,139






 








Total current liabilities






 






352,026






 






 






 






430,623






 








Long-term liabilities:






 






 






 








Long-term debt, net of current maturities






 






1,564,253






 






 






 






1,674,235






 








Long-term operating lease liabilities, net of current portion






 






900,779






 






 






 






907,910






 








Non-current liabilities held for sale






 






—






 






 






 






377,445






 








Other long-term liabilities






 






140,607






 






 






 






141,479






 








Total long-term liabilities






 






2,605,639






 






 






 






3,101,069






 








Stockholders’ deficit:






 






 






 








Preferred stock $0.01 par value, 15,000,000 shares authorized, none issued






 






—






 






 






 






—






 








Common stock $0.01 par value, 175,000,000 shares authorized, 83,147,600 and 83,012,784 issued and outstanding, respectively






 






831






 






 






 






830






 








Capital in excess of par value






 






546,336






 






 






 






542,177






 








Retained earnings






 






1,766,747






 






 






 






1,769,205






 








Accumulated other comprehensive loss






 






(49,327






)






 






 






(49,858






)








Treasury stock, at cost, 64,120,270 and 64,120,270 shares, respectively






 






(3,200,625






)






 






 






(3,200,625






)








Total stockholders’ deficit






 






(936,038






)






 






 






(938,271






)








 






$






2,021,627






 






 






$






2,593,421






 









JACK IN THE BOX INC. AND SUBSIDIARIES




CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS




(In thousands) (Unaudited)








 






Sixteen Weeks Ended








 






January 18, 2026






 






January 19, 2025








Cash flows from operating activities:






 






 






 








Net (loss) earnings






$






(2,458






)






 






$






33,686






 








(Losses) earnings from discontinued operations






 






(16,847






)






 






 






2,690






 








Earnings from continuing operations






 






14,389






 






 






 






30,996






 








Adjustments to reconcile net loss to net cash provided by operating activities:






 






 






 








Depreciation and amortization






 






13,609






 






 






 






12,457






 








Amortization of franchise tenant improvement allowances and incentives






 






1,798






 






 






 






1,606






 








Deferred finance cost amortization






 






1,359






 






 






 






1,473






 








Tax deficiency from share-based compensation arrangements






 






1,399






 






 






 






1,111






 








Deferred income taxes






 






9,271






 






 






 






(4,526






)








Share-based compensation expense






 






4,159






 






 






 






3,689






 








Pension and post-retirement expense






 






1,684






 






 






 






1,789






 








Gains on cash surrender value of company-owned life insurance






 






(4,044






)






 






 






(189






)








(Gains) losses on the disposition of property and equipment, net






 






(6,271






)






 






 






417






 








Impairment charges






 






267






 






 






 






610






 








Changes in assets and liabilities:






 






 






 








Accounts and other receivables






 






2,177






 






 






 






13,923






 








Inventories






 






(424






)






 






 






(94






)








Prepaid expenses and other current assets






 






5,266






 






 






 






(1,629






)








Operating lease right-of-use assets and lease liabilities






 






(4,664






)






 






 






(5,705






)








Accounts payable






 






(5,617






)






 






 






8,036






 








Accrued liabilities






 






2,656






 






 






 






7,873






 








Pension and post-retirement contributions






 






(2,090






)






 






 






(2,218






)








Franchise tenant improvement allowance and incentive disbursements






 






(1,844






)






 






 






(1,816






)








Other






 






(2,534






)






 






 






33,780






 








Cash flows provided by operating activities






 






30,546






 






 






 






101,583






 








Cash flows from investing activities:






 






 






 








Purchases of property and equipment






 






(23,218






)






 






 






(21,300






)








Purchases of assets intended for sale or leaseback






 






—






 






 






 






(5,724






)








Proceeds from the sale of property and equipment






 






10,948






 






 






 






—






 








Proceeds from the sale and leaseback of assets






 






3,593






 






 






 






—






 








Other






 






2,800






 






 






 






3,303






 








Cash flows used in investing activities






 






(5,877






)






 






 






(23,721






)








Cash flows from financing activities:






 






 






 








Repayments of borrowings on revolving credit facilities






 






—






 






 






 






(6,000






)








Principal repayments on debt






 






(112,313






)






 






 






(7,456






)








Dividends paid on common stock






 






—






 






 






 






(8,308






)








Proceeds from issuance of common stock






 






1






 






 






 






1






 








Repurchases of common stock






 






—






 






 






 






(4,999






)








Payroll tax payments for equity award issuances






 






(873






)






 






 






(2,336






)








Cash flows used in financing activities






 






(113,185






)






 






 






(29,098






)








Cash flows (used in) provided by continuing operations






 






(88,516






)






 






 






48,764






 








Net cash (used in) provided by operating activities of discontinued operations






 






(11,902






)






 






 






4,073






 








Net cash provided by (used in) investing activities of discontinued operations






 






118,014






 






 






 






(2,363






)








Net cash used in financing activities of discontinued operations






 






(38






)






 






 






(8






)








Net cash provided by discontinued operations






 






106,074






 






 






 






1,702






 








Cash and restricted cash at beginning of period, including discontinued operations cash






 






81,813






 






 






 






54,167






 








Cash and restricted cash at end of period, including discontinued operations cash






$






99,371






 






 






$






104,633






 







JACK IN THE BOX INC. AND SUBSIDIARIES

SUPPLEMENTAL INFORMATION


CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) DATA

(Unaudited)


The following table presents certain income and expense items included in our condensed consolidated statements of earnings (loss) as a percentage of total revenues, unless otherwise indicated. Percentages may not add due to rounding.




 






16 Weeks Ended








 






January 18, 2026






 






January 19, 2025








Revenues:






 






 






 








Company restaurant sales






37.7






%






 






36.0






%








Franchise rental revenues






27.9






%






 






28.5






%








Franchise royalties and other






16.8






%






 






17.1






%








Franchise contributions for advertising and other services






17.6






%






 






18.3






%








 






100.0






%






 






100.0






%








Operating costs and expenses, net:






 






 






 








Food and packaging (1)






29.7






%






 






25.9






%








Payroll and employee benefits (1)






35.3






%






 






33.3






%








Occupancy and other (1)






18.8






%






 






17.6






%








Franchise occupancy expenses (2)






68.1






%






 






64.2






%








Franchise support and other costs (3)






6.4






%






 






5.2






%








Franchise advertising and other services expenses (4)






103.5






%






 






101.6






%








Selling, general and administrative expenses






10.6






%






 






11.1






%








Depreciation and amortization






3.9






%






 






3.4






%








Pre-opening costs






0.0






%






 






0.4






%








Other operating expenses, net






2.3






%






 






0.7






%








Earnings from continuing operations






13.3






%






 






19.0






%








Income tax rate (5)






32.4






%






 






30.0






%









____________________








(1)







As a percentage of company restaurant sales.








(2)







As a percentage of franchise rental revenues.








(3)







As a percentage of franchise royalties and other.








(4)







As a percentage of franchise contributions for advertising and other services.








(5)







As a percentage of earnings (loss) from operations and before income taxes.








Jack in the Box systemwide sales (in thousands):

16 Weeks Ended








 






January 18, 2026






 






January 19, 2025








Company-operated restaurant sales






$






131,907






 






$






133,755








Franchised restaurant sales (1)






 






1,136,642






 






 






1,232,347








Systemwide sales (1)






$






1,268,549






 






$






1,366,102









____________________








(1)







Franchised restaurant sales represent sales at franchised restaurants and are revenues of our franchisees. Systemwide sales include company and franchised restaurant sales. We do not record franchised sales as revenues; however, our royalty revenues, marketing fees and percentage rent revenues are calculated based on a percentage of franchised sales. We believe franchised and systemwide restaurant sales information is useful to investors as they have a direct effect on the company's profitability.







JACK IN THE BOX INC. AND SUBSIDIARIES

RECONCILIATION OF NON-GAAP MEASUREMENTS TO GAAP RESULTS

(Unaudited)


To supplement the condensed consolidated financial statements, which are presented in accordance with GAAP, the Company uses the following non-GAAP measures: Adjusted Net Income, Operating Earnings Per Share, Adjusted EBITDA, Restaurant-Level Margin and Franchise-Level Margin. Management believes that these measurements, when viewed with the Company's results of operations in accordance with GAAP and the accompanying reconciliations in the tables below, provide useful information about operating performance and period-over-period changes, and provide additional information that is useful for evaluating the operating performance of the Company's core business without regard to potential distortions.


Operating Earnings Per Share


Operating Earnings Per Share represents diluted earnings per share from continuing operations on a GAAP basis excluding restructuring, integration and other, net COLI gains, pension and post-retirement benefit costs, impairment charges, gains on the sale of real estate to franchisees, excess tax shortfall from share-based compensation arrangements, and other tax-related impacts.


Operating Earnings Per Share should be considered as a supplement to, not as a substitute for, analysis of results as reported under U.S. GAAP or other similarly titled measures of other companies. Management believes Operating Earnings Per Share provides investors with a meaningful supplement of the Company’s operating performance and period-over-period changes without regard to potential distortions.


Below is a reconciliation of Non-GAAP Adjusted Net Income to the most directly comparable GAAP measure of net income. Also below is a reconciliation of Non-GAAP Operating Earnings Per Share to the most directly comparable GAAP measure, diluted earnings per share from continuing operations:




 






 






16 Weeks Ended








 






 






January 18, 2026






 






January 19, 2025








Net earnings from continuing operations, as reported






 






$






14,389






 






 






$






30,996






 








Restructuring, integration and other (1)






 






 






11,246






 






 






 






1,332






 








Net COLI gains (2)






 






 






(2,416






)






 






 






1,391






 








Pension and post-retirement benefit costs (3)






 






 






1,684






 






 






 






1,789






 








Impairment charges






 






 






353






 






 






 






622






 








Gains on the sale of real estate to franchisees (4)






 






 






(4,175






)






 






 






(337






)








Excess tax shortfall from share-based compensation arrangements






 






 






1,399






 






 






 






1,110






 








Tax impact of adjustments (5)






 






 






(3,239






)






 






 






(1,176






)








Non-GAAP Adjusted Net Income






 






$






19,241






 






 






$






35,727






 








 






 






 






 






 








Diluted weighted-average shares outstanding






 






 






19,234






 






 






 






19,215






 








 






 






 






 






 








Diluted earnings per share from continuing operations – GAAP






 






$






0.75






 






 






$






1.61






 








Restructuring, integration and other (1)






 






 






0.58






 






 






 






0.07






 








Net COLI gains (2)






 






 






(0.13






)






 






 






0.07






 








Pension and post-retirement benefit costs (3)






 






 






0.09






 






 






 






0.09






 








Impairment charges






 






 






0.02






 






 






 






0.03






 








Gains on the sale of real estate to franchisees






 






 






(0.22






)






 






 






(0.02






)








Excess tax shortfall from share-based compensation arrangements






 






 






0.07






 






 






 






0.06






 








Tax impact of adjustments (5)






 






 






(0.17






)






 






 






(0.06






)








Operating Earnings Per Share – non-GAAP (6)






 






$






1.00






 






 






$






1.86






 








 






 






 






 






 









____________________








(1)







Restructuring, integration and other reflects charges that are not part of our ongoing operations, including proxy contest fees, restructuring that is not deemed discontinued operations, professional fees for tax refund settlement, and other consulting fees for discrete project-based strategic initiatives that are not expected to recur in the foreseeable future.








(2)







Net COLI gains reflect market-based adjustments on the company-owned life insurance policies, net of changes in our non-qualified deferred compensation obligation supported by these policies.








(3)







Pension and post-retirement benefit costs relating to our two legacy defined benefit pension plans, as well as our two legacy post-retirement plans.








(4)







Gains on the sale of real estate to franchisees included in this reconciliation as the Company expects to have higher than normal sales of real estate in an effort to pay down debt.








(5)







Tax impacts are calculated based on the non-GAAP Operating EPS tax rate of 31.2% in the current quarter and 27.2% in the prior year quarter. Tax impacts for the first quarter of 2026 also include non-recurring amounts related to a favorable state tax refund claim settlement and the establishment of valuation allowance on cumulative interest deduction limitations from prior fiscal years.








(6)







Operating Earnings Per Share may not add due to rounding.







Adjusted EBITDA


Adjusted EBITDA represents net earnings from continuing operations on a GAAP basis excluding income taxes, interest expense, net, other operating expenses, net, depreciation and amortization, amortization of cloud computing costs, amortization of favorable and unfavorable leases and subleases, net, amortization of franchise tenant improvement allowances and other, net COLI (gains)/losses, and pension and post-retirement benefit costs.


Adjusted EBITDA should be considered as a supplement to, not as a substitute for, analysis of results as reported under U.S. GAAP or other similarly titled measures of other companies. Management believes Adjusted EBITDA is useful to investors to gain an understanding of the factors and trends affecting the Company's ongoing cash earnings, from which capital investments are made and debt is serviced.


Below is a reconciliation of non-GAAP Adjusted EBITDA to the most directly comparable GAAP measure, net earnings from continuing operations (in thousands):




 






16 Weeks Ended








 






January 18, 2026






 






January 19, 2025








Net earnings from continuing operations, as reported






$






14,389






 






 






$






30,996






 








Income taxes






 






6,883






 






 






 






13,315






 








Interest expense, net






 






23,682






 






 






 






24,380






 








Other operating expenses, net (1)






 






8,050






 






 






 






2,547






 








Depreciation and amortization






 






13,609






 






 






 






12,457






 








Amortization of cloud-computing costs (2)






 






507






 






 






 






366






 








Amortization of favorable and unfavorable leases and subleases, net (3)






 






(9






)






 






 






(9






)








Amortization of franchise tenant improvement allowances and other






 






1,798






 






 






 






1,605






 








Net COLI (gains)/losses (4)






 






(2,416






)






 






 






1,391






 








Pension and post-retirement benefit costs (5)






 






1,684






 






 






 






1,789






 








Adjusted EBITDA – non-GAAP






$






68,177






 






 






$






88,837






 









____________________








(1)






 






Other operating expense, net includes: restructuring, integration and other; costs of closed restaurants; impairment charges; accelerated depreciation and gains/losses on disposition of property and equipment, net.








(2)






 






Amortization of cloud computing costs includes the amounts for the non-cash amortization of capitalized implementation costs related to cloud-based software arrangements that are included within selling, general and administrative expenses.








(3)






 






Amortization of favorable and unfavorable leases and subleases, net, which is not already included in the other operating expense, net, noted above.








(4)






 






Net COLI (gains)/losses reflect market-based adjustments on the company-owned life insurance policies, net of changes in our non-qualified deferred compensation obligation supported by these policies.








(5)






 






Pension and post-retirement benefit costs relating to our two legacy defined benefit pension plans, as well as the two legacy post-retirement plans.







Restaurant-Level Margin


Restaurant-Level Margin is defined as company restaurant sales less restaurant operating costs (food and packaging, labor, and occupancy costs) and is neither required by, nor presented in accordance with GAAP. Restaurant-Level Margin excludes revenues and expenses of our franchise operations and selling, general, and administrative expenses. Certain other costs are also excluded, such as depreciation and amortization, pre-opening costs, other operating expenses, net, and losses on the sale of company-operated restaurants. As such, Restaurant-Level Margin is not indicative of the overall results of the Company and does not accrue directly to the benefit of shareholders because of the exclusion of corporate-level expenses. Restaurant-Level Margin should be considered as a supplement to, not as a substitute for, analysis of results as reported under GAAP or other similarly titled measures of other companies. The Company is presenting Restaurant-Level Margin because it believes that it provides a meaningful supplement to net earnings of the company's core business operating results, as well as a comparison to those of other similar companies. Management utilizes Restaurant-Level Margin as a key performance indicator to evaluate the profitability of company-operated restaurants. Below is a reconciliation of non-GAAP Restaurant-Level Margin to the most directly comparable GAAP measure, earnings from continuing operations (in thousands):




 






 






16 Weeks Ended








 






 






January 18, 2026






 






January 19, 2025








Earnings from continuing operations - GAAP






 






$






46,638






 






 






$






70,480






 








Franchise rental revenues






 






 






(97,387






)






 






 






(105,781






)








Franchise royalties and other






 






 






(58,876






)






 






 






(63,615






)








Franchise contributions for advertising and other services






 






 






(61,347






)






 






 






(67,913






)








Franchise occupancy expenses






 






 






66,301






 






 






 






67,916






 








Franchise support and other costs






 






 






3,760






 






 






 






3,301






 








Franchise advertising and other services expenses






 






 






63,472






 






 






 






68,992






 








Selling, general and administrative expenses






 






 






37,018






 






 






 






41,156






 








Depreciation and amortization






 






 






13,609






 






 






 






12,457






 








Pre-opening costs






 






 






59






 






 






 






1,457






 








Other operating expenses, net






 






 






8,050






 






 






 






2,547






 








Restaurant-Level Margin - Non-GAAP






 






$






21,297






 






 






$






30,997






 








 






 






 






 






 








Company restaurant sales






 






$






131,907






 






 






$






133,755






 








 






 






 






 






 








Restaurant-Level Margin % - Non-GAAP






 






 






16.1






%






 






 






23.2






%







Franchise-Level Margin


Franchise-Level Margin is defined as franchise revenues less franchise operating costs (occupancy expenses, advertising contributions, and franchise support and other costs) and is neither required by, nor presented in accordance with GAAP. Franchise-Level Margin excludes revenue and expenses of our company-operated restaurants and selling, general, and administrative expenses. Certain other costs are also excluded, such as depreciation and amortization, pre-opening, other operating expenses, net, and losses on the sale of company-operated restaurants. As such, Franchise-Level Margin is not indicative of the overall results of the Company and does not accrue directly to the benefit of shareholders because of the exclusion of corporate-level expenses. Franchise-Level Margin should be considered as a supplement to, not as a substitute for, analysis of results as reported under GAAP or other similarly titled measures of other companies. The Company is presenting Franchise-Level Margin because it believes that it provides a meaningful supplement to net earnings of the Company's core business operating results, as well as a comparison to those of other similar companies. Management utilizes Franchise-Level Margin as a key performance indicator to evaluate the profitability of our franchise operations. Below is a reconciliation of non-GAAP Franchise-Level Margin to the most directly comparable GAAP measure, earnings from continuing operations (in thousands):




 






 






16 Weeks Ended








 






 






January 18, 2026






 






January 19, 2025








Earnings from continuing operations - GAAP






 






$






46,638






 






 






$






70,480






 








Company restaurant sales






 






 






(131,907






)






 






 






(133,755






)








Food and packaging






 






 






39,232






 






 






 






34,690






 








Payroll and employee benefits






 






 






46,577






 






 






 






44,528






 








Occupancy and other






 






 






24,801






 






 






 






23,540






 








Selling, general and administrative expenses






 






 






37,018






 






 






 






41,156






 








Depreciation and amortization






 






 






13,609






 






 






 






12,457






 








Pre-opening costs






 






 






59






 






 






 






1,457






 








Other operating expenses, net






 






 






8,050






 






 






 






2,547






 








Franchise-Level Margin - Non-GAAP






 






$






84,077






 






 






$






97,100






 








 






 






 






 






 








Franchise rental revenues






 






$






97,387






 






 






$






105,781






 








Franchise royalties and other






 






 






58,876






 






 






 






63,615






 








Franchise contributions for advertising and other services






 






 






61,347






 






 






 






67,913






 








Total franchise revenues






 






$






217,610






 






 






$






237,309






 








 






 






 






 






 








Franchise-Level Margin % - Non-GAAP






 






 






38.6






%






 






 






40.9






%









APPENDIX A







 



JACK IN THE BOX INC. AND SUBSIDIARIES




CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS)




(In thousands, except per share data)




(Unaudited)








 






Quarterly Period Ended






 






Fiscal Year








 






January 19, 2025






 






April 13, 2025






 






July 6, 2025






 






September 28, 2025






 






September 28, 2025








Revenues:






 






 






 






 






 






 






 






 






 








Company restaurant sales






$






133,755






 






$






95,095






 






 






$






94,112






 






 






$






93,753






 






 






$






416,715






 








Franchise rental revenues






 






105,781






 






 






77,935






 






 






 






76,538






 






 






 






72,481






 






 






 






332,735






 








Franchise royalties and other






 






63,615






 






 






45,754






 






 






 






44,604






 






 






 






44,343






 






 






 






198,316






 








Franchise contributions for advertising and other services






 






67,913






 






 






46,947






 






 






 






47,147






 






 






 






44,193






 






 






 






206,200






 








 






 






371,064






 






 






265,731






 






 






 






262,401






 






 






 






254,770






 






 






 






1,153,966






 








Operating costs and expenses, net:






 






 






 






 






 






 






 






 






 








Food and packaging






 






34,690






 






 






26,437






 






 






 






26,949






 






 






 






28,396






 






 






 






116,472






 








Payroll and employee benefits






 






44,528






 






 






32,178






 






 






 






32,465






 






 






 






31,618






 






 






 






140,789






 








Occupancy and other






 






23,540






 






 






17,804






 






 






 






17,840






 






 






 






18,623






 






 






 






77,807






 








Franchise occupancy expenses






 






67,916






 






 






51,153






 






 






 






50,829






 






 






 






49,314






 






 






 






219,212






 








Franchise support and other costs






 






3,301






 






 






3,198






 






 






 






3,314






 






 






 






2,693






 






 






 






12,506






 








Franchise advertising and other services expenses






 






68,992






 






 






48,029






 






 






 






47,994






 






 






 






46,393






 






 






 






211,408






 








Selling, general and administrative expenses






 






41,156






 






 






28,221






 






 






 






20,577






 






 






 






27,887






 






 






 






117,841






 








Depreciation and amortization






 






12,457






 






 






8,069






 






 






 






8,671






 






 






 






10,404






 






 






 






39,601






 








Pre-opening costs






 






1,457






 






 






599






 






 






 






866






 






 






 






2,482






 






 






 






5,404






 








Other operating expenses, net






 






2,547






 






 






1,760






 






 






 






4,531






 






 






 






5,467






 






 






 






14,305






 








Gains on the sale of company-operated restaurants






 






—






 






 






—






 






 






 






—






 






 






 






(569






)






 






 






(569






)








 






 






300,584






 






 






217,448






 






 






 






214,036






 






 






 






222,708






 






 






 






954,776






 








Earnings from operations






 






70,480






 






 






48,283






 






 






 






48,365






 






 






 






32,062






 






 






 






199,190






 








Other pension and post-retirement expenses, net






 






1,789






 






 






1,341






 






 






 






1,342






 






 






 






1,342






 






 






 






5,814






 








Interest expense, net






 






24,380






 






 






18,351






 






 






 






18,135






 






 






 






18,228






 






 






 






79,094






 








Earnings before income taxes






 






44,311






 






 






28,591






 






 






 






28,888






 






 






 






12,492






 






 






 






114,282






 








Income tax expense






 






13,315






 






 






7,892






 






 






 






6,049






 






 






 






1,209






 






 






 






28,465






 








Earnings from continuing operations






$






30,996






 






$






20,699






 






 






$






22,839






 






 






$






11,283






 






 






$






85,817






 








Earnings (losses) from discontinued operations, net of taxes






$






2,690






 






$






(162,927






)






 






$






(812






)






 






$






(5,487






)






 






$






(166,536






)








Net earnings (loss)






$






33,686






 






$






(142,228






)






 






$






22,027






 






 






$






5,796






 






 






$






(80,719






)








 






 






 






 






 






 






 






 






 






 








Net earnings (loss) per share - basic:






 






 






 






 






 






 






 






 






 








Earnings from continuing operations






$






1.63






 






$






1.09






 






 






$






1.20






 






 






$






0.59






 






 






$






4.50






 








Earnings (losses) from discontinued operations






$






0.14






 






$






(8.56






)






 






$






(0.04






)






 






$






(0.29






)






 






$






(8.74






)








Net earnings (loss) per share






$






1.77






 






$






(7.47






)






 






$






1.16






 






 






$






0.30






 






 






$






(4.24






)








Net earnings (loss) per share - diluted:






 






 






 






 






 






 






 






 






 








Earnings from continuing operations






$






1.61






 






$






1.09






 






 






$






1.19






 






 






$






0.59






 






 






$






4.50






 








Earnings (losses) from discontinued operations






$






0.14






 






$






(8.56






)






 






$






(0.04






)






 






$






(0.29






)






 






$






(8.74






)








Net earnings (loss) per share






$






1.75






 






$






(7.47






)






 






$






1.15






 






 






$






0.30






 






 






$






(4.24






)








 






 






 






 






 






 






 






 






 






 








Weighted-average shares outstanding:






 






 






 






 






 






 






 






 






 








Basic






 






19,050






 






 






19,043






 






 






 






19,061






 






 






 






19,064






 






 






 






19,054






 








Diluted






 






19,215






 






 






19,043






 






 






 






19,152






 






 






 






19,154






 






 






 






19,054






 







APPENDIX B


JACK IN THE BOX INC. AND SUBSIDIARIES

QUARTERLY RECONCILIATION OF ADJUSTED EBITDA

(In thousands, except per share data)

(Unaudited)


Below is a reconciliation of non-GAAP Adjusted EBITDA to the most directly comparable GAAP measure, net earnings from continuing operations (in thousands):




 






Quarterly Period Ended






 






Fiscal Year (6)








 






January 19, 2025






 






April 13, 2025






 






July 6, 2025






 






September 28, 2025






 






September 28, 2025








Net earnings from continuing operations






$






30,996






 






 






$






20,699






 






 






$






22,839






 






 






$






11,283






 






 






$






85,817






 








Income taxes






 






13,315






 






 






 






7,892






 






 






 






6,049






 






 






 






1,209






 






 






 






28,465






 








Interest expense, net






 






24,380






 






 






 






18,351






 






 






 






18,135






 






 






 






18,228






 






 






 






79,094






 








Gains on the sale of company-operated restaurants






 






—






 






 






 






—






 






 






 






—






 






 






 






(569






)






 






 






(569






)








Other operating expenses, net (1)






 






2,547






 






 






 






1,760






 






 






 






4,531






 






 






 






5,467






 






 






 






14,305






 








Depreciation and amortization






 






12,457






 






 






 






8,069






 






 






 






8,671






 






 






 






10,404






 






 






 






39,601






 








Amortization of cloud-computing costs (2)






 






366






 






 






 






238






 






 






 






238






 






 






 






244






 






 






 






1,086






 








Amortization of favorable and unfavorable leases and subleases, net (3)






 






(9






)






 






 






(7






)






 






 






(7






)






 






 






(7






)






 






 






(30






)








Amortization of franchise tenant improvement allowances and other






 






1,605






 






 






 






1,762






 






 






 






1,411






 






 






 






1,382






 






 






 






6,161






 








Net COLI losses/(gains) (4)






 






1,391






 






 






 






1,407






 






 






 






(6,062






)






 






 






(3,618






)






 






 






(6,882






)








Pension and post-retirement benefit costs (5)






 






1,789






 






 






 






1,342






 






 






 






1,342






 






 






 






1,342






 






 






 






5,814






 








Adjusted EBITDA – non-GAAP






$






88,837






 






 






$






61,513






 






 






$






57,147






 






 






$






45,365






 






 






$






252,862










____________________








(1)






 






Other operating expense, net includes: restructuring, integration and other; costs of closed restaurants; impairment charges; accelerated depreciation and gains/losses on disposition of property and equipment, net.








(2)






 






Amortization of cloud computing costs includes the amounts for the non-cash amortization of capitalized implementation costs related to cloud-based software arrangements that are included within selling, general and administrative expenses.








(3)






 






Amortization of favorable and unfavorable leases and subleases, net, which is not already included in the other operating expense, net, noted above.








(4)






 






Net COLI losses/(gains) reflect market-based adjustments on the company-owned life insurance policies, net of changes in our non-qualified deferred compensation obligation supported by these policies.








(5)






 






Pension and post-retirement benefit costs relating to our two legacy defined benefit pension plans, as well as the two legacy post-retirement plans.








(6)






 






Fiscal Year totals may not add due to rounding.







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260218642912/en/
Rachel Webb

Vice President, Investor Relations

rachel.webb@jackinthebox.com

858.522.4556


Original: Jack in the Box Inc. Reports First Quarter 2026 Earnings