Company: JACK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0000807882-25-000030
Chunk: 7

Company: JACK IN THE BOX INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 2
Chunk 7
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 38.2 %$23,760 34.9 %$43,840 38.1 %$56,126 35.0 %Occupancy and other$11,578 24.4 %$15,537 22.8 %$27,184 23.6 %$35,931 22.4 %

Company restaurant sales decreased $20.8 million or 30.5% in the quarter and $45.1 million or 28.2% year-to-date compared to the prior year primarily due to the refranchising of 47 company-operated restaurants since the second quarter of 2024 and decreases in same-store sales compared to the prior year. The following table presents the approximate impact of changes in AUVs and the number of restaurants on company restaurant sales for each respective period on company restaurant sales (in millions):

QuarterYear-to-dateApril 13,2025April 13,2025AUV decrease$(0.3)$(0.1)Change in the average number of restaurants(20.3)(44.7)Other(0.2)(0.3)Total change in company restaurant sales$(20.8)$(45.1)

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Same-store sales at company-operated restaurants decreased 1.7% in the quarter and 2.2% year-to-date compared to a year ago. The following table summarizes the change versus a year ago:

QuarterYear-to-dateApril 13,2025April 14,2024April 13,2025April 14,2024Average check (1)7.2 %3.2 %6.1 %3.4 %Transactions(8.9 %)(5.0 %)(8.3 %)(3.2 %)Change in same-store sales(1.7 %)(1.8 %)(2.2 %)0.2 %

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(1)Includes price increases of approximately 6.6% in the quarter and 7.2% year-to-date.

Food and packaging costs, as a percentage of company restaurant sales, decreased 1.0% in the quarter and 1.5% year-to-date. The decrease for the quarter compared to the prior year was primarily due to menu price increases and favorable beverage funding, partially offset by commodity inflation. For the year-to date period, the decrease was primarily due to menu price