Jack in the Box completes $119M Del Taco sale; pro forma shows $88.9M net income vs prior loss

JACK IN THE BOX INC

Sold Del Taco (~575 restaurants) for $119M cash; $109M at close, $10M deferred due Jan 12, 2026.
Net proceeds (~$104M) used to repay $105M of Series 2019-1 4.476% Senior Notes.
Pro forma FY2025 net income $88.9M ($4.64 diluted EPS) vs historical net loss $80.7M ($4.24 loss per share).
Pro forma balance sheet shows total assets $2.0B, long-term debt reduced to $1.57B.
Transition services agreement with buyer for up to 6 months; recognized $5.5M income in FY2023 pro forma.

item 9.01

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