earnings
confidence high
sentiment neutral
materiality 0.70
Jack in the Box Q3 EPS $1.08; guides Jack margin lower to ~16%; plans $25M buyback
JACK IN THE BOX INC
2022-Q3 EPS reported
$3.29
revenue$1,065,310,000
- Diluted EPS $1.08; operating EPS $1.38 (adjusted) vs $1.64 prior year; revenues $398.3M (+47.8% incl Del Taco).
- Jack same-store sales -0.6% (+9.6% two-year); Del Taco same-store sales +3.5% (+10.6% two-year, pro forma).
- Adjusted EBITDA $73.2M vs $79.0M prior year; Jack restaurant-level margin guided to ~16% (prev ~17%); capex lowered to $50-55M.
- Board declares $0.44 dividend payable Sep 9; plans $25M share repurchases in Q4; LOI to refranchise Oregon restaurants.
- 62 development agreements for 220 future Jack restaurants; Del Taco net decline of 5 restaurants in quarter.