Our investments in modernizing restaurant technology and advancing our digital capabilities are now contributing toward the ambition objectives we shared last January, including becoming a 20% digital business by 2027.
— Darin Harris
03Detailed Report
JACK
Company JACK
Period
Q4 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 24, 2026
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Executive Summary
Jack in the Box Inc. reported a challenging Q4 2024, with revenue of $349.3 million, net income of $21.9 million and GAAP EPS of $1.13. Systemwide performance remained under pressure from wage-driven cost inflation and softer same-store sales, as reflected in Jack in the Box segment SSS of -2.1% for the quarter and a 4.8% price uplift offset by traffic declines. Despite near-term headwinds, the company advanced its transformation agenda, underscoring a robust digital initiative and aggressive development pipeline. Management highlighted strong new-restaurant openings across whitespace markets and a clear push toward an asset-light model through Del Taco refranchising, with 80% now franchised and continued focus on margin-enhancing initiatives.
Key Performance Indicators
Revenue
Decreasing
349.29M
QoQ: -5.39% | YoY: -6.24%
Gross Profit
Increasing
89.87M
25.73% margin
QoQ: -18.56% | YoY: 16.47%
Operating Income
Decreasing
51.10M
QoQ: 149.98% | YoY: -2.92%
Net Income
Increasing
21.94M
QoQ: 117.94% | YoY: 0.21%
EPS
Increasing
1.13
QoQ: 117.97% | YoY: 3.67%
Revenue Trend
Margin Analysis
Financial Highlights
Financial and operating metrics (Q4 2024 vs. prior year where noted):
- Revenue: $349.29 million; YoY -6.24%; QoQ -5.39%
- Gross Profit: $89.87 million; Gross Margin 25.73%; YoY +16.47%; QoQ -18.56%
- Operating Income: $51.10 million; Margin 14.63%; YoY -2.92%; QoQ +149.98%
- Net Income: $21.94 million; Margin 6.28%; YoY +0.21%; QoQ +117.94%
- EPS (GAAP): $1.13; Diluted EPS: $1.13; Weighted Avg Shs: ~19.5 million
- EBITDA: $63.66 million; EBITDA Margin 18.22%
- SG&A (Q4): $30.0 million (8.6% of revenues); effective tax rate 29.2%
- Units: 16 Jack in the Box openings in Q4; full-year openings 30; ending restaurant count 2,191
- Cash Flow: Operating cash flow $29.6 million; full-year operating cash flow $68.8 million; capex $29.7 million for the quarter; full-year capex $115.5 million; free cash flow -$0.153 million
- Balance Sheet: Total assets $2.74B; total liabilities $3.59B; stockholders’ equity negative $0.852B; total debt $1.803B; net debt reported as $3.159B; unrestricted cash $24.7 million; available borrowing capacity $169.5 million
- Liquidity: End-of-period cash ~$54.2 million; cash balance and liquidity supported by ongoing access to capital and a stated buyback program
- Digital and loyalty: digital mix above 14% of sales; first-party sales up 83% YoY in Q4; third-party ~70% of digital volume; 550 stores to be on a new POS by end-2025; Android app launch anticipated; loyalty growth >100% in the period
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
349.29M
-6.24%
-5.39%
Gross Profit
89.87M
16.47%
-18.56%
Operating Income
51.10M
-2.92%
149.98%
Net Income
21.94M
0.21%
117.94%
EPS
1.13
3.67%
117.97%
Key Financial Ratios
Gross Profit Margin
Fair
25.70%
Gross profit margin is moderate, room for improvement in cost management
Operating Profit Margin
Fair
14.60%
Operating margin is moderate, room for improvement in cost management
Net Profit Margin
Fair
6.28%
Net profit margin is moderate, room for improvement in cost management
Return on Assets
Weak
0.80%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
-0.03%
Return on equity suggests inefficient capital allocation
Current Ratio
Concern
0.42
Current ratio below safe levels, potential liquidity risk
Debt to Equity
Conservative
-3.74
Debt-to-equity shows conservative leverage and low financial risk
P/E Ratio
Value
10.30x
P/E ratio suggests potential undervaluation or stable earnings
Price to Book
Undervalued
-1.06x
Trading below book value, potential value opportunity or distressed
Management Insights Available for Members
Get exclusive access to management commentary, earnings call quotes, and forward guidance from company leadership.
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