Jack in the Box Inc. Files 10-Q for Period Ending January 21, 2024
Ticker: JACK · Form: 10-Q · Filed: Feb 21, 2024 · CIK: 807882
Sentiment: neutral
Topics: 10-Q, Jack in the Box, Quarterly Report, Restaurant Sales, Franchise Revenue
TL;DR
<b>Jack in the Box Inc. filed its Q1 2024 10-Q, detailing segment revenues and operational data for the period ending January 21, 2024.</b>
AI Summary
JACK IN THE BOX INC (JACK) filed a Quarterly Report (10-Q) with the SEC on February 21, 2024. Total revenue for the first quarter of fiscal year 2024 was not explicitly stated, but segment revenues were reported. Restaurant sales for the period October 2, 2023, to January 21, 2024, were reported. Franchise revenue for the period October 2, 2023, to January 21, 2024, was reported. Royalty and other revenue for the period October 2, 2023, to January 21, 2024, was reported. Franchise contributions for advertising and other services for the period October 2, 2023, to January 21, 2024, were reported.
Why It Matters
For investors and stakeholders tracking JACK IN THE BOX INC, this filing contains several important signals. This filing provides investors with a quarterly update on the company's financial performance and operational metrics, crucial for assessing short-term trends and strategic execution. Understanding the breakdown of revenues from company-operated restaurants, franchise operations, and royalties helps in evaluating the company's business model and growth drivers.
Risk Assessment
Risk Level: medium — JACK IN THE BOX INC shows moderate risk based on this filing. The filing is a standard quarterly report (10-Q), which typically contains detailed financial information but may not include significant new strategic disclosures or forward-looking statements that would drastically alter risk perception.
Analyst Insight
Monitor future filings for trends in same-store sales growth and profitability across different revenue segments to gauge the effectiveness of operational strategies.
Revenue Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Restaurant Sales | ||
| Franchise | ||
| Royalty and Other | ||
| Franchise Contributions for Advertising and Other Services |
Key Numbers
- 2024-01-21 — End of Reporting Period (Q1 Fiscal Year 2024)
- 2023-10-02 — Start of Reporting Period (Q1 Fiscal Year 2024)
- 2023-10-02 — Start of Prior Period (Q1 Fiscal Year 2023)
- 2023-01-22 — End of Prior Period (Q1 Fiscal Year 2023)
Key Players & Entities
- JACK IN THE BOX INC (company) — Filer name
- JACK (company) — Ticker symbol
- 2024-01-21 (date) — Conformed period of report
- 2024-02-21 (date) — Filed as of date
- SAN DIEGO (location) — Business address city
- CA (location) — Business address state
- 92123-1516 (postal_code) — Business address zip
- 8585712121 (phone_number) — Business phone
FAQ
When did JACK IN THE BOX INC file this 10-Q?
JACK IN THE BOX INC filed this Quarterly Report (10-Q) with the SEC on February 21, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by JACK IN THE BOX INC (JACK).
Where can I read the original 10-Q filing from JACK IN THE BOX INC?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by JACK IN THE BOX INC.
What are the key takeaways from JACK IN THE BOX INC's 10-Q?
JACK IN THE BOX INC filed this 10-Q on February 21, 2024. Key takeaways: Total revenue for the first quarter of fiscal year 2024 was not explicitly stated, but segment revenues were reported.. Restaurant sales for the period October 2, 2023, to January 21, 2024, were reported.. Franchise revenue for the period October 2, 2023, to January 21, 2024, was reported..
Is JACK IN THE BOX INC a risky investment based on this filing?
Based on this 10-Q, JACK IN THE BOX INC presents a moderate-risk profile. The filing is a standard quarterly report (10-Q), which typically contains detailed financial information but may not include significant new strategic disclosures or forward-looking statements that would drastically alter risk perception.
What should investors do after reading JACK IN THE BOX INC's 10-Q?
Monitor future filings for trends in same-store sales growth and profitability across different revenue segments to gauge the effectiveness of operational strategies. The overall sentiment from this filing is neutral.
Filing Stats: 4,574 words · 18 min read · ~15 pages · Grade level 15.7 · Accepted 2024-02-21 16:17:30
Filing Documents
- jack-20240121.htm (10-Q) — 1123KB
- ex311q12024.htm (EX-31.1) — 10KB
- ex312q12024.htm (EX-31.2) — 10KB
- ex321q12024.htm (EX-32.1) — 4KB
- ex322q12024.htm (EX-32.2) — 4KB
- jack-20240121_g1.jpg (GRAPHIC) — 96KB
- jack-20240121_g2.jpg (GRAPHIC) — 92KB
- 0000807882-24-000007.txt ( ) — 7077KB
- jack-20240121.xsd (EX-101.SCH) — 50KB
- jack-20240121_cal.xml (EX-101.CAL) — 86KB
- jack-20240121_def.xml (EX-101.DEF) — 207KB
- jack-20240121_lab.xml (EX-101.LAB) — 642KB
- jack-20240121_pre.xml (EX-101.PRE) — 414KB
- jack-20240121_htm.xml (XML) — 903KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
Condensed Consolidated Financial Statements (Unaudited)
Item 1. Condensed Consolidated Financial Statements (Unaudited): Condensed Consolidated Balance Sheets 2 Condensed Consolidated Statements of Earnings 3 Condensed Consolidated Statements of Comprehensive Income 4 Condensed Consolidated Statements of Cash Flows 5 Condensed Consolidated Statements of Stockholders' Deficit 6 Notes to Condensed Consolidated Financial Statements 7
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 19
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 31
Controls and Procedures
Item 4. Controls and Procedures 31
– OTHER INFORMATION
PART II – OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 32
Risk Factors
Item 1A. Risk Factors 32
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 32
Defaults of Senior Securities
Item 3. Defaults of Senior Securities 32
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 32
Other Information
Item 5. Other Information 32
Exhibits
Item 6. Exhibits 33 Signature 34 1
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JACK IN THE BOX INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share and per share data) (Unaudited) January 21, 2024 October 1, 2023 ASSETS Current assets: Cash $ 53,975 $ 157,653 Restricted cash 28,559 28,254 Accounts and other receivables, net 63,251 99,678 Inventories 4,381 3,896 Prepaid expenses 8,982 16,911 Current assets held for sale 23,656 13,925 Other current assets 6,109 5,667 Total current assets 188,913 325,984 Property and equipment: Property and equipment, at cost 1,261,323 1,258,589 Less accumulated depreciation and amortization ( 845,375 ) ( 846,559 ) Property and equipment, net 415,948 412,030 Other assets: Operating lease right-of-use assets 1,411,019 1,397,555 Intangible assets, net 11,251 11,330 Trademarks 283,500 283,500 Goodwill 329,583 329,986 Other assets, net 247,048 240,707 Total other assets 2,282,401 2,263,078 $ 2,887,262 $ 3,001,092 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Current maturities of long-term debt $ 29,941 $ 29,964 Current operating lease liabilities 159,045 142,518 Accounts payable 70,135 84,960 Accrued liabilities 167,788 302,178 Total current liabilities 426,909 559,620 Long-term liabilities: Long-term debt, net of current maturities 1,718,813 1,724,933 Long-term operating lease liabilities, net of current portion 1,277,947 1,265,514 Deferred tax liabilities 27,878 26,229 Other long-term liabilities 143,872 143,123 Total long-term liabilities 3,168,510 3,159,799 Stockholders' deficit: Preferred stock $ 0.01 par value, 15,000,000 shares authorized, none issued — — Common stock $ 0.01 par value, 175,000,000 shares authorized, 82,752,989 and 82,645,814 issued, respectively 827 826 Capital in excess of par value 524,970 520,076 Retained earnings 1,967,555 1,937,598 Accumulated other comprehensive loss ( 51,306 ) ( 51,790 ) Treasury stock, at cost, 63,218,724 and 62,910,964