Jack in the Box Inc. Reports Fourth Quarter FY 2020 Earnings; Declares Quarterly Cash Dividend

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[{"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 27, 2020.\n\n\nIncrease in same-store sales:\n\n\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 \n\n\n\nSeptember 27,\n2020\n\n\n\n \n\n\n\nSeptember 29,\n2019\n\n\n\n \n\n\n\nSeptember 27,\n2020\n\n\n\n \n\n\n\nSeptember 29,\n2019\n\n\n\n\n\n \n\n\n\nCompany\n\n\n\n9.6%\n\n\n\n \n\n\n\n3.5%\n\n\n\n \n\n\n\n3.1%\n\n\n\n \n\n\n\n1.7%\n\n\n\n\n\n \n\n\n\nFranchise\n\n\n\n12.4%\n\n\n\n \n\n\n\n3.0%\n\n\n\n \n\n\n\n4.0%\n\n\n\n \n\n\n\n1.3%\n\n\n\n\n\n \n\n\n\nSystem\n\n\n\n12.2%\n\n\n\n \n\n\n\n3.0%\n\n\n\n \n\n\n\n4.0%\n\n\n\n \n\n\n\n1.3%\n\n\n\n\nJack in the Box® system same-store sales increased 12.2 percent for the quarter. Company same-store sales increased 9.6 percent in the fourth quarter driven by average check growth of 21.9 percent while transactions decreased 12.3 percent. Improvement in company same-store sales as compared with the third quarter was primarily driven by a sequential improvement in transactions.\n\nDarin Harris, chief executive officer, said, \"Our ongoing strategy of offering guests value combined with indulgent and flavorful products continues to drive overall performance for the brand. I am proud of the way our franchisees, the teams in our restaurants, our employees, and our partners have remained focused amidst this pandemic, and are delivering outstanding results. This momentum has continued into the first quarter of 2021, and I look forward to building on these learnings to enhance long-term performance of the company.\"\n\n\nEarnings from continuing operations were $37.9 million, or $1.65 per diluted share, for the fourth quarter of fiscal 2020 compared with $22.0 million, or $0.86 per diluted share, for the fourth quarter of fiscal 2019.\n\nOperating Earnings Per Share(1), a non-GAAP measure, were $1.61 in the fourth quarter of fiscal 2020 compared with $0.95 in the prior year quarter. A reconciliation of non-GAAP Operating Earnings Per Share to GAAP results is provided below, with additional information included in the attachment to this release.\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 \n\n\n\nSeptember 27,\n2020\n\n\n\n \n\n\n\nSeptember 29,\n2019\n\n\n\n \...

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