earnings
confidence high
sentiment negative
materiality 0.80
Jack in the Box Q2: GAAP EPS $0.37, Operating EPS $1.16; SSS -0.8%; lowers FY22 margin outlook
JACK IN THE BOX INC
2022-Q2 EPS reported
$2.21
revenue$667,005,000
- GAAP net earnings $7.8M ($0.37 diluted EPS); Operating EPS $1.16 vs $1.40 prior year.
- Jack in the Box system same-store sales -0.8% (+19.8% two-year stack); Del Taco +2.5%.
- Restaurant-level margin fell to 15.0% (18.3% ex-Evolving Markets); FY22 guidance cut to ~17%.
- FY22 Operating EPS guidance $5.80-$6.10; commodity cost guidance raised to +12-14%.
- Board declared $0.44/share dividend payable June 22; share buyback ongoing but no Q2 repurchases.