Jack in the Box Inc
JACK
$18.84 -2.53%
Exchange: NASDAQ | Sector: Consumer Cyclical | Industry: Restaurants
Q4 2024
Published: Nov 21, 2024

Earnings Highlights

  • Revenue of $349.29M down 6.2% year-over-year
  • EPS of $1.13 increased by 3.7% from previous year
  • Gross margin of 25.7%
  • Net income of 21.94M
  • "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
JACK
Company JACK

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

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2024 349.29 1.13 -6.2% View
Q3 2024 369.17 -6.26 -7.0% View
Q2 2024 365.35 1.26 -7.7% View
Q1 2024 487.50 1.93 +23.2% View
Q4 2023 372.52 1.08 -29.3% View