Jack in the Box Files 2024 10-K
Ticker: JACK · Form: 10-K · Filed: Nov 21, 2024 · CIK: 807882
Sentiment: neutral
Topics: 10-K, annual-report, financials
TL;DR
Jack in the Box dropped its 2024 10-K, check financials for FY ending Sep 29.
AI Summary
Jack in the Box Inc. filed its 2024 10-K report on November 21, 2024, detailing its fiscal year ending September 29, 2024. The company, headquartered in San Diego, CA, operates in the retail-eating places sector. The filing covers financial performance and operational details for the fiscal year.
Why It Matters
This filing provides investors and analysts with a comprehensive overview of Jack in the Box's financial health and strategic direction for the past fiscal year, influencing investment decisions.
Risk Assessment
Risk Level: medium — This is a standard annual financial filing with no immediate red flags or significant new risks highlighted in the provided snippet.
Key Players & Entities
- JACK IN THE BOX INC (company) — Filer
- 0000807882-24-000052 (document_id) — Accession Number
- 20240929 (date) — Fiscal Year End
- 20241121 (date) — Filing Date
- 9357 SPECTRUM CENTER BLVD (address) — Business Address
- SAN DIEGO (location) — City
- CA (location) — State
- 92123-1516 (postal_code) — ZIP Code
- 8585712121 (phone_number) — Business Phone
FAQ
What is the primary business of Jack in the Box Inc.?
Jack in the Box Inc. is primarily engaged in the RETAIL-EATING PLACES business, as indicated by its Standard Industrial Classification code [5812].
When did Jack in the Box Inc. file its latest 10-K report?
Jack in the Box Inc. filed its 10-K report on November 21, 2024.
What is the fiscal year end date for Jack in the Box Inc. in this filing?
The fiscal year end date for Jack in the Box Inc. in this filing is September 29, 2024.
Where is Jack in the Box Inc. headquartered?
Jack in the Box Inc. is headquartered in San Diego, CA, with its business address listed as 9357 SPECTRUM CENTER BLVD, SAN DIEGO, CA 92123-1516.
What is the accession number for this 10-K filing?
The accession number for this 10-K filing is 0000807882-24-000052.
Filing Stats: 4,448 words · 18 min read · ~15 pages · Grade level 14.7 · Accepted 2024-11-20 19:18:45
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value JACK NASDAQ Global Select Mar
- $50,000 — rovides for an initial franchise fee of $50,000 per restaurant for a 20-year term, and
- $35,000 — rovides for an initial franchise fee of $35,000 per restaurant for a 20-year term, and
Filing Documents
- jack-20240929.htm (10-K) — 2689KB
- ex102222024-mountofferlett.htm (EX-10.2 22) — 22KB
- ex102232024-gordonconsulti.htm (EX-10.2 23) — 46KB
- ex1912024-insidertradingpo.htm (EX-19.1) — 11KB
- ex2112024-subsidiaries.htm (EX-21.1) — 8KB
- ex2312024-consent.htm (EX-23.1) — 2KB
- ex3112024.htm (EX-31.1) — 10KB
- ex3122024.htm (EX-31.2) — 10KB
- ex3212024.htm (EX-32.1) — 4KB
- ex3222024.htm (EX-32.2) — 4KB
- image_0.jpg (GRAPHIC) — 37KB
- jack-20240929_g1.jpg (GRAPHIC) — 96KB
- jack-20240929_g2.jpg (GRAPHIC) — 92KB
- jack-20240929_g3.jpg (GRAPHIC) — 27KB
- 0000807882-24-000052.txt ( ) — 16766KB
- jack-20240929.xsd (EX-101.SCH) — 98KB
- jack-20240929_cal.xml (EX-101.CAL) — 177KB
- jack-20240929_def.xml (EX-101.DEF) — 557KB
- jack-20240929_lab.xml (EX-101.LAB) — 1216KB
- jack-20240929_pre.xml (EX-101.PRE) — 937KB
- jack-20240929_htm.xml (XML) — 2995KB
Risk Factors
Item 1A. Risk Factors 8
Unresolved Staff Comments
Item 1B. Unresolved Staff Comments 21
Cybersecurity
Item 1C. Cybersecurity 21
Properties
Item 2. Properties 22
Legal Proceedings
Item 3. Legal Proceedings 23
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 23 Information about our Executive Officers 23 PART II
Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 26
Reserved
Item 6. Reserved 27
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 28
Quantitative and Qualitative Disclosures About Market Risk
Item 7A. Quantitative and Qualitative Disclosures About Market Risk 39
Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data 40
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 40
Controls and Procedures
Item 9A. Controls and Procedures 40
Other Information
Item 9B. Other Information 42
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 42 PART III
Directors, Executive Officers and Corporate Governance
Item 10. Directors, Executive Officers and Corporate Governance 42
Executive Compensation
Item 11. Executive Compensation 42
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 42
Certain Relationships and Related Transactions, and Director Independence
Item 13. Certain Relationships and Related Transactions, and Director Independence 43
Principal Accountant Fees and Services
Item 14. Principal Accountant Fees and Services 43 PART IV
Exhibits, Financial Statement Schedules
Item 15. Exhibits, Financial Statement Schedules 43
Form 10-K Summary
Item 16. Form 10-K Summary 45
FORWARD-LOOKING STATEMENTS
FORWARD-LOOKING STATEMENTS From time to time, we make oral and written forward-looking statements that reflect our current expectations regarding future results of operations, economic performance, financial condition, and achievements of Jack in the Box Inc. (the "Company"). A forward-looking statement is neither a prediction nor a guarantee of future events or results. In some cases, forward-looking statements can be identified by words such as "anticipate," "assume," "believe," "estimate," "expect," "forecast," "goals," "guidance," "intend," "plan," "project," "may," "should," "will," "would," and similar expressions. Certain forward-looking statements are included in this Form 10-K, principally in the sections captioned "Business," "Legal Proceedings," "Consolidated Financial Statements," and "Management's Discussion and Analysis of Financial Condition and Results of Operations," including statements regarding our strategic plans and operating strategies. Although we believe that the expectations reflected in our forward-looking statements are based on reasonable assumptions, such expectations and forward-looking statements may prove to be materially incorrect due to known and unknown risks and uncertainties. In some cases, information regarding certain important factors that could cause our actual results to differ materially from any forward-looking statement appears together with such statement. In addition, the factors described under "Risk Factors" and "Discussion of Critical Accounting Estimates" in this Form 10-K, as well as other possible factors not listed, could cause our actual results, economic performance, financial condition or achievements to differ materially from those expressed in any forward-looking statements. As a result, investors should not place undue reliance on such forward-looking statements, which speak only as of the date of this report. The Company is under no obligation to update forward-looking statements, whether as a result of
BUSINESS
ITEM 1. BUSINESS The Company Overview. Jack in the Box Inc. (NASDAQ: JACK), a Delaware corporation (the "Company" or "Jack in the Box"), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box, one of the nation's largest hamburger chains with approximately 2,200 restaurants across 22 states, and Del Taco, one of the nation's largest Mexican-American quick service restaurants ("QSR") chains with approximately 600 restaurants across 17 states. References to the Company throughout this Annual Report on Form 10-K are made using the first person notations of "we", "us" and "our." Restaurant Brands Jack in the Box. Jack in the Box restaurants offer a broad selection of distinctive products including classic burgers like its Jumbo Jack and innovative product lines such as the Buttery Jack and Smash Jack burgers. Jack in the Box also offers quality products such as breakfast sandwiches with freshly cracked eggs, as well as craveable favorites such as tacos, curly fries, egg rolls, specialty sandwiches and real ice cream shakes, among many other items. Jack in the Box allows its guests to customize meals to their tastes and order any product on the menu when they want it, including breakfast at night, or burgers and chicken in the morning. The Jack in the Box trademark of variety and innovation has led to the development of five true day parts: breakfast, lunch, snack, dinner, and late night. Jack in the Box opened its first restaurant in 1951 and has since become one of the nation's largest hamburger chains. Based on number of restaurants, the top 10 major markets of Jack in the Box comprise approximately 70% of the total system, and Jack in the Box is at least the third largest QSR hamburger chain in each of those major markets. As of September 29, 2024, Jack in the Box operated and franchised 2,191 quick-service restaurants, primarily in the western and southern United States, including two in Guam a