Jack in the Box Inc. Files 10-Q for Period Ending April 14, 2024

TL;DR

<b>Jack in the Box Inc. has filed its quarterly report (10-Q) for the period ending April 14, 2024.</b>

AI Summary

JACK IN THE BOX INC (JACK) filed a Quarterly Report (10-Q) with the SEC on May 14, 2024. The filing is a 10-Q report for Jack in the Box Inc. for the period ending April 14, 2024. The company's fiscal year ends on September 29. The filing was submitted on May 14, 2024. The company's principal business address is 9357 Spectrum Center Blvd, San Diego, CA 92123-1516. The Standard Industrial Classification code for the company is 5812 (Retail - Eating Places).

Why It Matters

For investors and stakeholders tracking JACK IN THE BOX INC, this filing contains several important signals. This filing provides investors with an update on the company's financial performance and operational status during the second quarter of its fiscal year. Understanding the details within this 10-Q is crucial for assessing the company's current financial health, growth trajectory, and any potential risks or opportunities.

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 routine financial information. However, the specific financial results and any disclosed risks could impact the company's valuation.

Analyst Insight

Review the financial statements and risk factors within the 10-Q to understand the company's performance and outlook.

Key Numbers

• 2024-04-14 — Reporting Period End Date (Conformed period of report)
• 2024-05-14 — Filing Date (Filed as of date)
• 0929 — Fiscal Year End (Fiscal year end)
• 5812 — Standard Industrial Classification (Standard Industrial Classification)

Key Players & Entities

• JACK IN THE BOX INC (company) — Filer name
• JACK (company) — Ticker symbol
• 0000807882 (company) — Central Index Key
• 9357 SPECTRUM CENTER BLVD (company) — Business address street
• SAN DIEGO (company) — Business address city
• CA (company) — Business address state
• 92123-1516 (company) — Business address zip
• 8585712121 (company) — Business phone

FAQ

Industry Context

Jack in the Box Inc. operates in the fast-food restaurant industry, a highly competitive sector characterized by evolving consumer preferences and operational challenges.

Regulatory Implications

As a publicly traded company, Jack in the Box Inc. is subject to the regulations of the Securities and Exchange Commission (SEC), requiring regular filings like the 10-Q to ensure transparency.

What Investors Should Do

1. Analyze the financial statements (income statement, balance sheet, cash flow) for the reported period.
2. Identify any new or updated risk factors disclosed in the filing.
3. Compare the reported period's performance against previous periods and analyst expectations.

Key Dates

• 2024-04-14: Reporting Period End — End of the fiscal second quarter for the 10-Q filing.
• 2024-05-14: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial data extraction for the 10-Q filing ending April 14, 2024. Comparative data from previous filings will be available upon further analysis of related documents.

Filing Documents

• jack-20240414.htm (10-Q) — 1439KB
• ex311q22024.htm (EX-31.1) — 10KB
• ex312q22024.htm (EX-31.2) — 10KB
• ex321q22024.htm (EX-32.1) — 4KB
• ex322q22024.htm (EX-32.2) — 4KB
• jack-20240414_g1.jpg (GRAPHIC) — 96KB
• jack-20240414_g2.jpg (GRAPHIC) — 92KB
• 0000807882-24-000019.txt (&nbsp;) — 7824KB
• jack-20240414.xsd (EX-101.SCH) — 50KB
• jack-20240414_cal.xml (EX-101.CAL) — 87KB
• jack-20240414_def.xml (EX-101.DEF) — 205KB
• jack-20240414_lab.xml (EX-101.LAB) — 590KB
• jack-20240414_pre.xml (EX-101.PRE) — 416KB
• jack-20240414_htm.xml (XML) — 1144KB

– 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 20

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 33

Controls and Procedures

Item 4. Controls and Procedures 33

– OTHER INFORMATION

PART II – OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 34

Risk Factors

Item 1A. Risk Factors 34

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 34

Defaults of Senior Securities

Item 3. Defaults of Senior Securities 34

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 34

Other Information

Item 5. Other Information 34

Exhibits

Item 6. Exhibits 35 Signature 36 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) April 14, 2024 October 1, 2023 ASSETS Current assets: Cash $ 20,197 $ 157,653 Restricted cash 28,780 28,254 Accounts and other receivables, net 102,664 99,678 Inventories 4,067 3,896 Prepaid expenses 8,020 16,911 Current assets held for sale 24,970 13,925 Other current assets 5,609 5,667 Total current assets 194,307 325,984 Property and equipment: Property and equipment, at cost 1,267,469 1,258,589 Less accumulated depreciation and amortization ( 850,333 ) ( 846,559 ) Property and equipment, net 417,136 412,030 Other assets: Operating lease right-of-use assets 1,414,559 1,397,555 Intangible assets, net 11,254 11,330 Trademarks 283,500 283,500 Goodwill 329,583 329,986 Other assets, net 248,636 240,707 Total other assets 2,287,532 2,263,078 $ 2,898,975 $ 3,001,092 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Current maturities of long-term debt $ 30,049 $ 29,964 Current operating lease liabilities 158,326 142,518 Accounts payable 82,336 84,960 Accrued liabilities 168,973 302,178 Total current liabilities 439,684 559,620 Long-term liabilities: Long-term debt, net of current maturities 1,712,360 1,724,933 Long-term operating lease liabilities, net of current portion 1,279,443 1,265,514 Deferred tax liabilities 26,808 26,229 Other long-term liabilities 143,301 143,123 Total long-term liabilities 3,161,912 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, 82,776,086 and 82,645,814 issued, respectively 828 826 Capital in excess of par value 528,887 520,076 Retained earnings 1,983,944 1,937,598 Accumulated other comprehensive loss ( 50,944 ) ( 51,790 ) Treasury stock, at cost, 63,422,351 and 62,910,964

View Full Filing

View this 10-Q filing on SEC EDGAR