Company: JACK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000807882-25-000043
Chunk: 50

Company: JACK IN THE BOX INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 50
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-service restaurants. As of July 6, 2025, we operated and franchised 2,168 Jack in the Box quick-service restaurants, primarily in the western and southern United States, including two in Guam and three in Mexico, and 585 Del Taco quick-service restaurants across 17 states.

We derive revenue from retail sales at company-operated restaurants and rental revenue, royalties (based upon a percent of sales), franchise fees and contributions for advertising and other services from franchisees.

On April 23, 2025, the Company announced a multi-faceted plan, which included exploring strategic alternatives for the Del Taco brand and the possible divestiture of that business. The plan also included selling a select number of owned real estate holdings, as well as discontinuing its dividend, and directing a majority of those funds toward paying down debt. Additionally, the plan discussed a closure program, which is projected to result in the closure of approximately 150-200 underperforming Jack in the Box restaurants.

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RESULTS OF OPERATIONS

The following tables summarize changes in same-store sales for Jack in the Box and Del Taco company-operated, franchised, and system restaurants:

QuarterYear-to-dateJack in the Box:July 6,2025July 7,2024July 6,2025July 7,2024Company(6.4 %)0.1 %(3.3 %)0.6 %Franchise(7.2 %)(2.4 %)(3.3 %)(1.3 %)System(7.1 %)(2.2 %)(3.3 %)(1.1 %)

QuarterYear-to-dateDel Taco:July 6,2025July 7,2024July 6,2025July 7,2024Company(2.2 %)(3.5 %)(2.2 %)(0.9 %)Franchise(2.7 %)(4.1 %)(4.1 %)(0.7 %)System(2.6 %)(3.9 %)(3.7 %)(0.8 %)

The following tables summarize year-to-date changes in the number and mix of company and franchise restaurants for our two brands:

20252024Jack in the Box:CompanyFranchiseTotalCompanyFranchiseTotalBeginning of year150 2,041 2,191 142 2,044 2,186