Last10K.com

Jack In The Box Inc (JACK) SEC Filing 10-K Annual Report for the fiscal year ending Sunday, October 2, 2022

SEC Filings

JACK Annual Reports

Jack In The Box Inc

CIK: 807882 Ticker: JACK
Exhibit 99.1

Jack in the Box Inc. Reports Fourth Quarter and Full-Year 2022 Earnings

Jack in the Box same-store sales of +4.0% in Q4 2022, +0.9% for FY 2022

Del Taco same-store sales of +5.2% in Q4 2022, +3.9%(1) for FY 2022

Systemwide sales of +4.1%(2) for Jack in the Box and +4.2%(2) for Del Taco in Q4 2022

Jack in the Box to open 25-30 restaurants, expects positive net unit growth in FY 2023

Jack in the Box completes refranchising of Nashville and Oregon evolving market restaurants, with development commitments for 42 new restaurants

Management provides company-wide and brand-specific annual guidance measures for FY 2023

SAN DIEGO--(BUSINESS WIRE)--November 22, 2022--

Jack in the Box Inc. (NASDAQ: JACK) announced financial results for the Jack in the Box and Del Taco segments in the fourth quarter, ended October 2, 2022.

“I am very pleased with the momentum of our top line performance to close 2022, which we have seen continue into the first several weeks of Q1, and the consistency we showed throughout the year in driving sales and improving traffic, as we continue to remain careful on the price we are taking to maintain a consistent value equation for our guests,” said Darin Harris, Jack in the Box chief executive officer. “We continue to navigate operational headwinds, but Jack and Del Taco franchisees and operators showed their ability to be resilient and manage through them effectively all throughout 2022. While we will continue to attack the inflationary impact on margins, our top line fundamentals, operational focus, and expectation for positive net unit growth for Jack all demonstrate that 2023 will be a big year for our company and another positive step in the transformation of the Jack brand. The investments we are making in digital, technology and training, plus the continued integration and refranchising of Del Taco, have me enthusiastic for our future."

Jack in the Box Performance

Same-store sales increased 4.0% in the fourth quarter, comprised of an increase in Company-operated same-store sales of 11.4% and an increase in franchise same-store sales of 3.2%. Higher average check, driven mostly by pricing, and an increase in traffic drove the increase for company-operated while higher average check was partially offset by a decrease in traffic for franchise. Systemwide sales(2) for the fourth quarter increased 4.1%.


The following information was filed by Jack In The Box Inc (JACK) on Tuesday, November 22, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Jack In The Box Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Jack In The Box Inc.

Continue

Assess how Jack In The Box Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Jack In The Box Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Financial
Revenue
Legal
M & A
Other
Filter Subcategory:
All
Debt
Geography
Cash Flow
Earnings
Product
Expense
Other
Inside Jack In The Box Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Earnings
Consolidated Statements Of Stockholders' Deficit
Average Shares Outstanding
Average Shares Outstanding (Reconciliation Of Basic Weighted-Average Shares Outstanding To Diluted Weighted-Average Shares Outstanding) (Details)
Average Shares Outstanding (Tables)
Business Combination
Business Combination (Business Combination, Goodwill Segment Allocation) (Details)
Business Combination (Estimated Fair Value Of Assets And Liabilities) (Details)
Business Combination (Narrative) (Details)
Business Combination (Purchase Consideration) (Details)
Business Combination (Schedule Of Intangible Assets And The Useful Lives) (Details)
Business Combination (Schedule Of Pro Forma Information) (Details)
Business Combination (Tables)
Commitments And Contingencies
Commitments And Contingencies (Additional Information) (Details)
Fair Value Measurements
Fair Value Measurements (Carrying Value And Estimated Fair Value Of Notes) (Details)
Fair Value Measurements (Financial Assets And Liabilities Measured At Fair Value On Recurring Basis) (Details)
Fair Value Measurements (Narrative) (Details)
Fair Value Measurements (Tables)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Changes In Carrying Amount Of Goodwill) (Details)
Goodwill And Intangible Assets (Estimated Amortization Expense) (Details)
Goodwill And Intangible Assets (Schedule Of Intangible Assets) (Details)
Goodwill And Intangible Assets (Tables)
Income Taxes
Income Taxes (Components Of Income Taxes) (Details)
Income Taxes (Deferred Tax Assets And Deferred Tax Liabilities) (Details)
Income Taxes (Narrative) (Details)
Income Taxes (Reconciliation Of The Federal Statutory Income Tax Rate To Effective Tax Rate) (Details)
Income Taxes (Tables)
Indebtedness
Indebtedness (Narrative) (Details)
Indebtedness (Schedule Of Long-Term Debt) (Details)
Indebtedness (Scheduled Principal Payments Of Long-Term Debt) (Details)
Indebtedness (Tables)
Leases
Leases (Assets Held For Lease) (Details)
Leases (Assets Recorded Under Finance Leases) (Details)
Leases (Finance And Operating Lease Payments) (Details)
Leases (Future Minimum Receipts) (Details)
Leases (Lessee Lease Costs) (Details)
Leases (Narrative) (Details)
Leases (Rental Income) (Details)
Leases (Sale, Leaseback Transactions) (Details)
Leases (Supplemental Balance Sheet Information) (Details)
Leases (Supplemental Cash Flow And Non-Cash Information) (Details)
Leases (Tables)
Nature Of Operations And Summary Of Significant Accounting Policies
Nature Of Operations And Summary Of Significant Accounting Policies (Allowance For Doubtful Accounts) (Details)
Nature Of Operations And Summary Of Significant Accounting Policies (Narrative) (Details)
Nature Of Operations And Summary Of Significant Accounting Policies (Policy)
Nature Of Operations And Summary Of Significant Accounting Policies (Tables)
Other Operating Expense (Income), Net
Other Operating Expense (Income), Net (Impairment And Disposal Costs Included In Impairment And Other Charges) (Details)
Other Operating Expense (Income), Net (Narrative) (Details)
Other Operating Expense (Income), Net (Tables)
Retirement Plans
Retirement Plans (Components Of Net Periodic Benefit Cost) (Details)
Retirement Plans (Contributions Expected To Be Paid In Next Fiscal Year And Projected Benefit Payments) (Details)
Retirement Plans (Determining The Present Values Of Benefit Obligations And Net Periodic Benefit Costs) (Details)
Retirement Plans (Fair Value Of Plan Assets Of Pension Plans) (Details)
Retirement Plans (Fair Values Of Qualified Plan's Assets) (Details)
Retirement Plans (Health Care Cost Trend Rates For Postretirement Health Plans) (Details)
Retirement Plans (Narrative) (Details)
Retirement Plans (Reconciliation Of Changes In Benefit Obligations, Plan Assets And Funded Status Of Retirement Plans) (Details)
Retirement Plans (Schedule Of Plan Asset Allocation) (Details)
Retirement Plans (Tables)
Revenue
Revenue (Contract Liabilities) (Details)
Revenue (Disaggregation Of Revenue) (Details)
Revenue (Estimated Future Franchise Fees) (Details)
Revenue (Narrative) (Details)
Revenue (Tables)
Segment Reporting
Segment Reporting (Details)
Segment Reporting (Tables)
Share-Based Employee Compensation
Share-Based Employee Compensation (Components Of Share-Based Compensation Expense) (Details)
Share-Based Employee Compensation (Narrative) (Details)
Share-Based Employee Compensation (Schedule Of Weighted-Average Assumptions) (Details)
Share-Based Employee Compensation (Summary Of Performance Share Award Activity) (Details)
Share-Based Employee Compensation (Summary Of Psu Activity) (Details)
Share-Based Employee Compensation (Summary Of Rsa Activity) (Details)
Share-Based Employee Compensation (Summary Of Rsu Activity) (Details)
Share-Based Employee Compensation (Summary Of Stock Option Activity) (Details)
Share-Based Employee Compensation (Tables)
Stockholders' Deficit
Stockholders' Deficit (Details)
Subsequent Events
Subsequent Events (Details)
Summary Of Refranchisings And Franchise Acquisitions
Summary Of Refranchisings And Franchise Acquisitions (Disclosure Of Assets Held-For-Sale) (Details)
Summary Of Refranchisings And Franchise Acquisitions (Narrative) (Details)
Summary Of Refranchisings And Franchise Acquisitions (Purchase Price Allocations On Franchise Acquisitions) (Details)
Summary Of Refranchisings And Franchise Acquisitions (Summary Of Refranchisings And Franchise Acquisitions) (Details)
Summary Of Refranchisings And Franchise Acquisitions (Tables)
Supplemental Consolidated Cash Flow Information
Supplemental Consolidated Cash Flow Information (Additional Information Related To Cash Flows) (Details)
Supplemental Consolidated Cash Flow Information (Tables)
Supplemental Consolidated Financial Statement Information
Supplemental Consolidated Financial Statement Information (Schedule Of Supplemental Consolidated Balance Sheet Information) (Details)
Supplemental Consolidated Financial Statement Information (Tables)
Ticker: JACK
CIK: 807882
Form Type: 10-K Annual Report
Accession Number: 0000807882-22-000017
Submitted to the SEC: Tue Nov 22 2022 9:13:52 AM EST
Accepted by the SEC: Tue Nov 22 2022
Period: Sunday, October 2, 2022
Industry: Retail Eating Places

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/jack/0000807882-22-000017.htm