Company: JACK
Filing Date: 2025-01-27
Form Type: DEF 14A
Source: 0000807882-25-000004
Chunk: 82

Company: JACK IN THE BOX INC
Filing Date: 2025-01-27
Form: DEF 14A
Chunk 82
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. Franchise-Level Margin excludes revenue and expenses of our company-operated restaurants and certain costs, such as selling, general, and administrative expenses, pre-opening costs, depreciation and amortization, impairment and other charges, net, and other costs that are considered normal operating costs. As such, Franchise-Level Margin is not indicative of the overall results of the Company and does not accrue directly to the benefit of shareholders because of the exclusion of corporate-level expenses. Franchise-Level Margin should be considered as a supplement to, not as a substitute for, analysis of results as reported under GAAP or other similarly titled measures of other companies. The Company is presenting Franchise-Level Margin because it believes that it provides a meaningful supplement to net earnings of the Company's core business operating results, as well as a comparison to those of other similar companies. Management utilizes Franchise-Level Margin as a key performance indicator to evaluate the profitability of our franchise operations. A-2 JACK IN THE BOX INC. | 2025 PROXY STATEMENT

| APPENDIX A—RECONCILIATION OF NON-GAAP MEASUREMENTS TO GAAP RESULTS |

Below is a reconciliation of non-GAAP Franchise-Level Margin to the most directly comparable GAAP measure, earnings (loss) from operations (in thousands):

|                                                            |     | 52 weeks ended September 29, 2024 |          |       |     |          |          |       |     |       |          |     |     |       |          |       |
|:-----------------------------------------------------------|:----|:----------------------------------|---------:|:------|:----|:---------|---------:|:------|:----|:------|---------:|:----|:----|:------|---------:|:------|
|                                                            |     | Jack in the Box                   |          |       |     | Del Taco |          |       |     | Other |          |     |     | Total |          |       |
| Earnings (loss) from operations — GAAP                     |     | $                                 |  362,406 |       |     | $        | -128,224 |       |     | $     | -151,646 |     |     | $     |   82,536 |       |
| Company restaurant sales                                   |     |                                   | -427,057 |       |     |          | -281,978 |       |     |       |        — |     |     |       | -709,035 |       |
|