Company: JACK
Filing Date: 2025-02-25
Form Type: 10-Q
Source: 0000807882-25-000016
Chunk: 1

Company: JACK IN THE BOX INC
Filing Date: 2025-02-25
Form: 10-Q
Item: Item 2
Chunk 1
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 and on a system-wide basis, which includes company and franchise restaurants. 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, marketing fees and percentage rent revenues are calculated based on a percentage of franchise sales. We believe franchise and system same-store sales, franchised and system restaurant sales, and AUV information are useful to investors as they have a direct effect on the Company’s profitability.

Same-store sales, systemwide sales, franchised restaurant sales, and AUVs are not measurements determined in accordance with GAAP and should not be considered in isolation, or as an alternative to earnings from operations, or other similarly titled measures of other companies.

OVERVIEW

Our Business

Founded in 1951, Jack in the Box Inc. (the “Company”) operates and franchises Jack in the Box® and Del Taco® quick-service restaurants. As of January 19, 2025, we operated and franchised 2,190 Jack in the Box quick-service restaurants, primarily in the western and southern United States, including two in Guam and two in Mexico, and 589 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.

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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:

Sixteen Weeks EndedJack in the Box:January 19,2025January 21,2024Company(0.4 %)2.0 %Franchise0.5 %0.7 %System0.4 %0.8 %

Sixteen Weeks EndedDel Taco:January 19,2025January 21,2024Company(2.5 %)1.8 %Franchise(5.1 %)2.4 %System(4.5 %)2.2 %

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 New2 3 5 2 5 7 Closed— (6)(