Jack in the Box Inc. Reports Fourth Quarter FY 2019 Earnings; Issues Fiscal 2020 Guidance; Announces Additional Share Repurchase Authorization; Declares Quarterly Cash Dividend

About this update from Jack In The Box Inc.

[{"type":"text","content":" SAN DIEGO--(BUSINESS WIRE)--\nJack in the Box Inc. (NASDAQ: JACK) today reported financial results for the fourth quarter and fiscal year ended September 29, 2019.\n\n\nIncrease in same-store sales:\n\n\n\n\n \n\n\n\n\n12 Weeks Ended\n\n\n\n \n\n\n\n52 Weeks Ended\n\n\n\n\n\n \n\n\n\n\nSeptember 29,\n2019\n\n\n\n \n\n\n\nSeptember 30,\n2018\n\n\n\n \n\n\n\nSeptember 29,\n2019\n\n\n\n \n\n\n\nSeptember 30,\n2018\n\n\n\n\n\nCompany\n\n\n\n\n3.5%\n\n\n\n \n\n\n\n0.8%\n\n\n\n \n\n\n\n1.7%\n\n\n\n \n\n\n\n0.6%\n\n\n\n\n\nFranchise\n\n\n\n\n3.0%\n\n\n\n \n\n\n\n0.4%\n\n\n\n \n\n\n\n1.3%\n\n\n\n \n\n\n\n0.1%\n\n\n\n\n\nSystem\n\n\n\n\n3.0%\n\n\n\n \n\n\n\n0.5%\n\n\n\n \n\n\n\n1.3%\n\n\n\n \n\n\n\n0.1%\n\n\n\n\n\nJack in the Box® system same-store sales increased 3.0 percent in the fourth quarter. Company same-store sales increased 3.5 percent, driven by average check growth of 2.8 percent and transaction growth of 0.7 percent.\n\n\nLenny Comma, chairman and chief executive officer, said, \"Our 2019 operating results demonstrate the momentum in the Jack in the Box brand, with same-store sales improving to the strongest performance in four years. We have now achieved our ninth consecutive year of positive same-store sales.\n\n\n\"We plan to build on these results by improving the guest experience through operations consistency and reducing wait times, serving indulgent food our guests crave, and targeting investments designed to maximize our returns. With our refranchising initiative complete, we have a renewed focus on expanding unit growth. We look forward to sharing additional details about these initiatives on tomorrow morning's earnings call.\"\n\n\n\n\nEarnings from continuing operations were $22.0 million, or $0.86 per diluted share, for the fourth quarter of fiscal 2019 compared with $18.3 million, or $0.68 per diluted share, for the fourth quarter of fiscal 2018. In connection with the refinancing of the company's senior credit facility, the company terminated its existing interest rate swaps in the third quarter, resulting in a pre-tax charge of $23.6 million, and wrote off unamortized deferred financing fees related to this credit facility in the fourth quarter, resulting in a loss of approximately $2.8 million. These are reflected in interest expense, net, and collectively have an impact of $0.08 per diluted share in the fou...

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