Company: JACK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000807882-25-000043
Chunk: 64

Company: JACK IN THE BOX INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 64
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 each period follows (in thousands):

Year-to-dateJuly 6,2025July 7,2024Restaurants:Remodel / refresh programs$6,661 $8,728 New restaurants19,198 20,071 Restaurant facility expenditures10,912 12,870 Restaurant information technology31,561 18,794 68,332 60,462 Corporate Services:Information technology1,631 6,313 Corporate facilities330 418 1,961 6,731 Total capital expenditures$70,293 $67,193 Purchases of assets intended for sale or leaseback (exercising right of first refusal)$8,827 $18,575 

Capital expenditures increased $3.1 million primarily due to an increase in restaurant information technology related to the rollout of a new POS system for Jack in the Box company restaurants as well as investments in digital and other restaurant technology enhancements. These increases were partially offset by decreases in corporate technology spending due to the completion of our new enterprise resource planning software implementation last year. 

Sale of Company-Operated Restaurants — The following table details proceeds received in connection with our refranchising activities in each period (dollars in thousands):

Year-to-dateJuly 6,2025July 7,2024Number of Del Taco restaurants sold to franchisees13 13 Total proceeds$5,712 $2,168 

For further information, see Note 3, Summary of Refranchisings and Assets Held for Sale, in the notes to the condensed consolidated financial statements.

Financing Activities. Cash flows used in financing activities decreased by $53.6 million compared with a year ago. The change is primarily due to a $50.0 million decrease in stock repurchases compared with a year ago and a $9.0 million decrease in dividends compared with a year ago, partially offset by a $6.0 million repayment in the current year on the Variable Funding Notes.

Repurchases of common stock — The Company repurchased 0.1 million shares of its common stock in fiscal 2025 for an aggregate cost of $5.0 million. As of July 6, 2025, there was $175.0 million remaining under share repurchase programs authorized by the Board of Directors which does not expire.

Dividends — Up through July 6, 2025, the Board of Directors declared two cash dividend of $0.44 per common share totaling $16.7