Company: JACK
Filing Date: 2025-01-27
Form Type: DEF 14A
Source: 0000807882-25-000004
Chunk: 81

Company: JACK IN THE BOX INC
Filing Date: 2025-01-27
Form: DEF 14A
Chunk 81
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 |     |   |   4,446 |     |   |   3,450 |
| Net COLI (gains) losses                                                |               |   | -14,390 |     |   |  -5,953 |     |   |   9,911 |     |   |  -9,141 |
| Pension and post-retirement benefit costs                              |               |   |   6,843 |     |   |   6,967 |     |   |     303 |     |   |     881 |
| Adjusted EBITDA — Non-GAAP                                             |               | $ | 322,273 |     | $ | 339,210 |     | $ | 321,974 |     | $ | 325,680 |

(1) Fiscal year 2021 includes the impact of the 53-week year Restaurant-Level Margin Restaurant-Level Margin is defined as company restaurant sales less restaurant operating costs (food and packaging, labor, and occupancy costs) and is neither required by, nor presented in accordance with GAAP. Restaurant-Level Margin excludes revenues and expenses of our franchise operations and certain costs, such as selling, general, and administrative expenses, pre-opening costs, depreciation and amortization, other operating expense (income), net, gains or losses on the sale of company-operated restaurants, and other costs that are considered normal operating costs. As such, Restaurant-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. Restaurant-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 Restaurant-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 Restaurant-Level Margin as a key performance indicator to evaluate the profitability of company-owned restaurants. A-1 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 Restaurant-Level Margin to the most directly comparable GAAP measure, earnings (loss) from operations (in thousands):

|                                                            |     | 52 weeks ended September 29, 2024 |          |       |     |