Business
Jack in the Box Inc. Reports Second Quarter 2025 Earnings
Jack in the Box same-store sales of (4.4%); Del Taco same-store sales of (3.6%) Jack in the Box systemwide sales of (4.9%); Del Taco systemwide sales of
About this update from Jack In The Box Inc.
[{"type":"text","content":"\nJack in the Box same-store sales of (4.4%); Del Taco same-store sales of (3.6%)\n\nJack in the Box systemwide sales of (4.9%); Del Taco systemwide sales of (4.5%)\n\nDiluted loss per share of ($7.47), including a non-cash goodwill and intangible impairment charge for Del Taco\n\nOperating EPS of $1.20\n\n SAN DIEGO--(BUSINESS WIRE)--\nJack in the Box Inc. (NASDAQ: JACK) announced financial results for the Jack in the Box and Del Taco brands in the second quarter, ended April 13, 2025.\n\n“I am encouraged by our marketing plans in the back half of 2025, which we expect to energize sales despite the difficult industry-wide macro environment in which we continue to operate,” said Lance Tucker, Jack in the Box Chief Executive Officer. “As we stated when announcing the recent 'JACK on Track' plan, we are addressing the areas of need to improve the business, and I am confident in our ability to establish consistent top-line trends while becoming a more simple, efficient company and investor story.”\n\nJack in the Box Performance\n\nSame-store sales decreased 4.4% in the second quarter, comprised of franchise same-store sales decline of 4.5% and company-owned same-store sales decline of 4.0%. Price was higher versus prior year, while both transactions and mix were down compared to prior year. Systemwide sales for the second quarter decreased 4.9%.\n\nRestaurant-Level Margin(1), a non-GAAP measure, was $18.7 million, or 19.6%, down from $23.3 million, or 23.6%, a year ago driven primarily by lower sales, continued inflation for commodities, wage and utilities, as well as higher operating costs, partially offset by price increases and a decrease in food and packaging from a favorable increase of beverage funding relating to a new contract.\n\nFranchise-Level Margin(1), a non-GAAP measure, was $68.3 million, or 40.0%, a decrease from $71.7 million, or 40.4%, a year ago. The decrease was mainly driven by lower sales driving lower royalties and lower percentage rent, as well as higher franchise costs, partially offset by rent spread buyouts and higher early term penalties.\n\nJack in the Box net restaurant count decreased slightly in the second quarter, with five restaurant openings and twelve restaurant closures.\n\n\n\nJack in the Box Same-Store Sales:\n\n\n\n12 Weeks Ended\n\n\n\n\n\n \n\n\n\nApril 13, 2025\n\n\n\n \n\n\n\nApril 14, 20...