Company: JACK
Filing Date: 2025-02-25
Form Type: 10-Q
Source: 0000807882-25-000016
Chunk: 32

Company: JACK IN THE BOX INC
Filing Date: 2025-02-25
Form: 10-Q
Item: Item 1
Chunk 32
---
 reporting is in line with our reporting units for goodwill.

13

JACK IN THE BOX INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

The Company measures and evaluates its segments based on segment revenues and segment profit. The reportable segments do not include an allocation of the costs related to shared service functions, such as accounting/finance, human resources, audit services, legal, tax and treasury; nor do they include certain unallocated costs such as share-based compensation. These costs are reflected in the caption “Shared services and unallocated costs.”Beginning in 2025, the Company’s measure of segment profit was updated to exclude all of the following items: depreciation and amortization, net other operating expenses, net company-owned life insurance (“COLI”) losses (gains), (gains) losses on the sale of company-operated restaurants, net amortization of favorable and unfavorable leases and subleases, amortization of franchise tenant improvement allowances and other, and amortization of cloud-computing costs. Amounts in fiscal year 2024 have been adjusted to reflect the current presentation. The following table provides information related to our operating segments in each period (in thousands):Sixteen Weeks EndedJanuary 19,2025January 21,2024Revenues by segment:Jack in the Box restaurant operations$371,064 $368,340 Del Taco restaurant operations98,374 119,158 Consolidated revenues$469,438 $487,498 Segment profit reconciliation: Jack in the Box segment profit$115,963 $119,097 Del Taco segment profit9,326 12,763 Shared services and unallocated costs(28,045)(30,076)Total segment profit$97,244 $101,784 Depreciation and amortization18,270 18,473 Other operating expense, net3,519 5,170 Net COLI losses (gains)1,391 (4,834)(Gains) losses on the sale of company-operated restaurants(2,806)254 Amortization of favorable and unfavorable leases and subleases, net2 124 Amortization of franchise tenant improvement allowances and other1,655 1,511 Amortization of cloud-computing costs1,002 1,606 Earnings from operations$74,211 $79,480 The Company does not evaluate, manage