Company: JACK
Filing Date: 2025-01-27
Form Type: DEF 14A
Source: 0000807882-25-000004
Chunk: 42

Company: JACK IN THE BOX INC
Filing Date: 2025-01-27
Form: DEF 14A
Chunk 42
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 $1.6 billion. • Restaurant-level margin (2) for the full year was 21.7% for Jack in the Box and was 14.1% for Del Taco. • Franchise-level margin (2) for the full year was 40.9% for Jack in the Box and was 28.0% for Del Taco. • Adjusted EBITDA (3) for the full year was $322.3 million. • Net units increased for both brands. Jack in the Box increased by 5 units year-over-year with 30 restaurant openings and 25 closures during the year. For Del Taco, net units increased by 2 units year-over-year with 14 restaurant openings and 12 closures during the year.

| (1) |     | System same-store sales represents changes in sales at company and franchise restaurants open more than one year. Franchise sales represent sales at franchise restaurants and are revenues of our franchisees. We do not record franchise sales as revenues; however, our royalty revenues and percentage rent revenues are calculated based on a percentage of franchise sales. We believe system same-store sales information is useful to investors as it has a direct effect on the Company’s profitability. |

| (2) |     | Restaurant-Level Margin and Franchise-Level Margin are non-GAAP measures. These non-GAAP measures are reconciled to earnings from operations, the most comparable GAAP measure, in the attachment to this release. See “Appendix A - Reconciliation of Non-GAAP Measurements to GAAP Results.” |

| (3) |     | Adjusted EBITDA represents net earnings on a GAAP basis excluding income taxes, interest expense, net, gains or losses on the sale of company-operated restaurants, other operating expenses (income), net, goodwill impairment, depreciation and amortization, amortization of cloud computing costs, amortization of favorable and unfavorable leases and subleases, net, amortization of franchise tenant improvement allowances and incentives, COLI (gains) losses, net, and pension and post-retirement benefit costs. See “Appendix A - Reconciliation of Non-GAAP Measurements to GAAP Results.” |

37 JACK IN THE BOX INC. | 2025 PROXY STATEMENT

| CD&A — I. EXECUTIVE SUMMARY |

b. Fiscal 2024 Compensation Framework and Key Pay Actions Our executive compensation program is designed to motivate, engage, and retain a talented executive leadership team and to appropriately reward them for their contributions to our business. Our performance measurement framework