Company: JACK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000807882-25-000043
Chunk: 33

Company: JACK IN THE BOX INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 33
---
QuarterYear-to-dateJack in the BoxDel TacoTotalJack in the BoxDel TacoTotalCompany restaurant sales$100,355 $66,125 $166,480 $331,339 $226,279 $557,618 Franchise rental revenues82,154 6,971 89,125 267,350 20,797 288,147 Franchise royalties46,490 7,287 53,777 153,227 24,055 177,282 Marketing fees46,412 6,084 52,496 153,055 19,843 172,898 Technology and sourcing fees5,006 771 5,777 15,905 3,741 19,646 Franchise fees and other services1,332 184 1,516 5,475 950 6,425 Total revenue$281,749 $87,422 $369,171 $926,351 $295,665 $1,222,016 Contract liabilities — Contract liabilities consist of deferred revenue resulting from initial franchise and development fees received from franchisees for new restaurant openings or new franchise terms, which are recognized over the franchise term. The Company classifies these contract liabilities as “Accrued liabilities” and “Other long-term liabilities” in our condensed consolidated balance sheets.A summary of significant changes in contract liabilities is presented below (in thousands):Year-to-dateJuly 6,2025July 7,2024Deferred franchise and development fees at beginning of period$51,990 $50,471 Revenue recognized (4,656)(4,490)Additions 2,001 4,243 Deferred franchise and development fees at end of period$49,335 $50,224 As of July 6, 2025, approximately $8.8 million of development fees related to unopened restaurants are included in deferred revenue. Timing of revenue recognition for development fees related to unopened restaurants is dependent upon the timing of restaurant openings and are recognized over the franchise term at the date of opening.

10

JACK IN THE BOX INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

The following table reflects the estimated franchise fees to be recognized in the future related to performance obligations that are unsatisfied as of July 6, 2025 (in thousands):Remainder of 2025