Jack in the Box Files Q3 2024 10-Q
Ticker: JACK · Form: 10-Q · Filed: Aug 6, 2024 · CIK: 807882
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
JACK Q3 10-Q filed. Financials and ops update.
AI Summary
Jack in the Box Inc. filed its 10-Q for the period ending July 7, 2024, reporting on its fiscal third quarter. The filing details financial performance and operational updates for the company, which operates in the retail-eating places sector.
Why It Matters
This filing provides investors and analysts with the latest financial results and operational insights for Jack in the Box, crucial for understanding the company's current performance and future outlook.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing and does not inherently present new risks.
Key Players & Entities
- JACK IN THE BOX INC (company) — Filer
- 0000807882-24-000033.txt (document) — Accession Number
- 20240707 (date) — Period of Report
- 20240806 (date) — Filing Date
- SAN DIEGO (location) — Business Address City
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is July 7, 2024.
What is the company's Standard Industrial Classification code?
The company's Standard Industrial Classification code is 5812, for Retail-Eating Places.
What is the company's fiscal year end?
The company's fiscal year ends on September 29.
What is the SEC file number for Jack in the Box Inc.?
The SEC file number for Jack in the Box Inc. is 001-09390.
Where is Jack in the Box Inc. headquartered?
Jack in the Box Inc. is headquartered in San Diego, CA.
Filing Stats: 4,728 words · 19 min read · ~16 pages · Grade level 16 · Accepted 2024-08-06 16:28:03
Filing Documents
- jack-20240707.htm (10-Q) — 1536KB
- ex311q32024.htm (EX-31.1) — 10KB
- ex312q32024.htm (EX-31.2) — 10KB
- ex321q32024.htm (EX-32.1) — 4KB
- ex322q32024.htm (EX-32.2) — 4KB
- jack-20240707_g1.jpg (GRAPHIC) — 96KB
- jack-20240707_g2.jpg (GRAPHIC) — 92KB
- 0000807882-24-000033.txt ( ) — 8267KB
- jack-20240707.xsd (EX-101.SCH) — 50KB
- jack-20240707_cal.xml (EX-101.CAL) — 88KB
- jack-20240707_def.xml (EX-101.DEF) — 221KB
- jack-20240707_lab.xml (EX-101.LAB) — 613KB
- jack-20240707_pre.xml (EX-101.PRE) — 437KB
- jack-20240707_htm.xml (XML) — 1211KB
– 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 (Loss) 3 Condensed Consolidated Statements of Comprehensive Income (Loss) 4 Condensed Consolidated Statements of Cash Flows 5 Condensed Consolidated Statements of Stockholders' Deficit 6 Notes to Condensed Consolidated Financial Statements 8
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 21
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 35
Controls and Procedures
Item 4. Controls and Procedures 35
– OTHER INFORMATION
PART II – OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 36
Risk Factors
Item 1A. Risk Factors 36
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 36
Defaults of Senior Securities
Item 3. Defaults of Senior Securities 36
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 36
Other Information
Item 5. Other Information 36
Exhibits
Item 6. Exhibits 37 Signature 38 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) July 7, 2024 October 1, 2023 ASSETS Current assets: Cash $ 21,646 $ 157,653 Restricted cash 29,112 28,254 Accounts and other receivables, net 86,228 99,678 Inventories 4,160 3,896 Prepaid expenses 12,121 16,911 Current assets held for sale 29,408 13,925 Other current assets 6,598 5,667 Total current assets 189,273 325,984 Property and equipment: Property and equipment, at cost 1,271,679 1,258,589 Less accumulated depreciation and amortization ( 851,443 ) ( 846,559 ) Property and equipment, net 420,236 412,030 Other assets: Operating lease right-of-use assets 1,425,560 1,397,555 Intangible assets, net 10,873 11,330 Trademarks 283,500 283,500 Goodwill 161,645 329,986 Other assets, net 254,132 240,707 Total other assets 2,135,710 2,263,078 $ 2,745,219 $ 3,001,092 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Current maturities of long-term debt $ 29,999 $ 29,964 Current operating lease liabilities 160,852 142,518 Accounts payable 68,964 84,960 Accrued liabilities 178,686 302,178 Total current liabilities 438,501 559,620 Long-term liabilities: Long-term debt, net of current maturities 1,705,927 1,724,933 Long-term operating lease liabilities, net of current portion 1,284,718 1,265,514 Deferred tax liabilities 19,105 26,229 Other long-term liabilities 142,781 143,123 Total long-term liabilities 3,152,531 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, 82,819,241 and 82,645,814 issued, respectively 828 826 Capital in excess of par value 531,304 520,076 Retained earnings 1,853,118 1,937,598 Accumulated other comprehensive loss ( 50,581 ) ( 51,790 ) Treasury stock, at cost, 63,694,503 and 62,910,964 s