$JACK

JACK IN THE BOX INC /NEW/

CIK:0000807882|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 05, 2026	Jul. 06, 2025	Jul. 05, 2026	Jul. 06, 2025
Revenues	$ 257,657	$ 262,401	$ 861,438	$ 899,196
Operating costs and expenses, net:
Food and packaging	28,246	26,949	94,866	88,076
Payroll and employee benefits	32,410	32,465	112,670	109,171
Occupancy and other	18,621	17,840	61,527	59,184
Franchise occupancy expenses	49,694	50,829	166,043	169,898
Franchise support and other costs	4,242	3,314	11,423	9,813
Franchise advertising and other services expenses	47,108	47,994	156,201	165,015
Selling, general and administrative expenses	17,041	20,577	80,480	89,954
Depreciation and amortization	10,478	8,671	35,068	29,197
Pre-opening costs	88	866	293	2,922
Other operating (income) expense, net	(3,062)	4,531	7,991	8,838
Gains on the sale of company-operated restaurants	(6)	0	(27)	0
Total operating costs and expenses	204,860	214,036	726,535	732,068
Earnings from operations	52,797	48,365	134,903	167,128
Other pension and post-retirement expenses, net	1,262	1,342	4,209	4,472
Interest expense, net	18,176	18,135	58,729	60,866
Earnings before income taxes	33,359	28,888	71,965	101,790
Income tax expense	12,318	6,049	23,994	27,256
Earnings from continuing operations	21,041	22,839	47,971	74,534
Losses from discontinued operations, net of taxes	(919)	(812)	(20,062)	(161,049)
Net earnings (loss)	$ 20,122	$ 22,027	$ 27,909	$ (86,515)
Net earnings (loss) per share - basic:
Earnings from continuing operations (in dollars per share)	$ 1.09	$ 1.20	$ 2.49	$ 3.91
Net (loss) earnings per share (in dollars per share)	1.04	1.16	1.45	(4.54)
Net earnings (loss) per share - diluted:
Earnings from continuing operations (in dollars per share)	1.08	1.19	2.48	3.89
Net (loss) earnings per share (in dollars per share)	1.03	1.15	1.44	(4.51)
Cash dividends declared per common share (in dollars per share)	$ 0	$ 0	$ 0	$ 0.88
Discontinued Operations, Disposed of by Sale \| Del Taco Holdings Inc.
Operating costs and expenses, net:
Losses from discontinued operations, net of taxes	$ (919)	$ (812)	$ (20,062)	$ (161,049)
Net earnings (loss) per share - basic:
(Losses) earnings from discontinued operations (in dollars per share)	$ (0.05)	$ (0.04)	$ (1.04)	$ (8.45)
Net earnings (loss) per share - diluted:
(Losses) earnings from discontinued operations (in dollars per share)	$ (0.05)	$ (0.04)	$ (1.04)	$ (8.40)
Company restaurant sales
Revenues	$ 96,268	$ 94,112	$ 322,871	$ 322,962
Franchise rental revenues
Revenues	73,017	76,538	242,526	260,254
Franchise royalties and other
Revenues	43,081	44,604	144,996	153,973
Franchise contributions for advertising and other services
Revenues	$ 45,291	$ 47,147	$ 151,045	$ 162,007

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Jul. 05, 2026	Jul. 06, 2025
Cash flows from operating activities:
Net earnings (loss)	$ 27,909	$ (86,515)
Losses from discontinued operations	(20,062)	(161,049)
Earnings from continuing operations	47,971	74,534
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	35,068	29,197
Amortization of franchise tenant improvement allowances and incentives	4,729	4,779
Deferred finance cost amortization	3,469	3,668
Loss on extinguishment of debt	1,306	0
Tax deficiency from share-based compensation arrangements	2,148	1,483
Deferred income taxes	21,653	(7,149)
Share-based compensation expense	7,825	6,812
Pension and post-retirement expense	4,209	4,472
Gains on cash surrender value of company-owned life insurance	(7,014)	(5,731)
Gains on the sale of company-operated restaurants	(27)	0
(Gains) losses on the disposition of property and equipment, net	(17,405)	748
Impairment charges and other	2,950	1,427
Changes in assets and liabilities:
Accounts and other receivables	(18,810)	(4,188)
Prepaid expenses and other current assets	9,333	(11,628)
Operating lease right-of-use assets and lease liabilities	(12,981)	(13,698)
Accounts payable	661	(5,214)
Accrued liabilities	(742)	19,708
Pension and post-retirement contributions	(5,036)	(5,370)
Franchise tenant improvement allowance and incentive disbursements	(23,320)	(4,670)
Other	566	28,967
Net cash flows provided by operating activities	56,553	118,147
Cash flows from investing activities:
Purchases of property and equipment	(44,102)	(60,271)
Purchases of assets intended for sale or leaseback	0	(5,724)
Proceeds from the sale of property and equipment	26,681	15,108
Proceeds from the sale and leaseback of assets	3,616	0
Proceeds from the sale of company-operated restaurants	47	0
COLI distribution proceeds	80,416	0
Other	2,800	3,303
Net cash flows provided by (used in) investing activities	69,458	(47,584)
Cash flows from financing activities:
Borrowings on revolving credit facilities	39,000	0
Repayments of borrowings on revolving credit facilities	0	(6,000)
Proceeds from the issuance of debt	500,000	0
Principal repayments on debt	(762,619)	(22,376)
Payment of debt issuance costs	(13,065)	0
Dividends paid on common stock	0	(16,614)
Proceeds from issuance of common stock	3	2
Repurchases of common stock	0	(4,999)
Payroll tax payments for equity award issuances	(1,300)	(2,482)
Net cash flows used in financing activities	(237,981)	(52,469)
Net cash flows (used in) provided by continuing operations	(111,970)	18,094
Net cash (used in) provided by operating activities of discontinued operations	(16,048)	10,479
Net cash provided by (used in) investing activities of discontinued operations	118,014	(14,606)
Net cash used in financing activities of discontinued operations	(38)	(23)
Net cash provided by (used in) discontinued operations	101,928	(4,150)
Cash and restricted cash at beginning of period, including discontinued operations cash	81,813	54,167
Cash and restricted cash at end of period, including discontinued operations cash	$ 71,771	$ 68,111

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 05, 2026	Sep. 28, 2025
Current assets:
Cash	$ 46,318	$ 45,766
Restricted cash	25,453	30,282
Accounts and other receivables, net	106,672	73,744
Inventories	2,343	2,346
Prepaid expenses	8,492	13,604
Current assets held for sale	14,501	46,042
Other current assets	10,065	8,588
Total current assets	213,844	220,372
Property and equipment:
Property and equipment, at cost	1,163,804	1,150,490
Less accumulated depreciation and amortization	(832,844)	(806,873)
Property and equipment, net	330,960	343,617
Other assets:
Operating lease right-of-use assets	980,279	1,005,024
Goodwill	136,026	136,026
Deferred tax assets	45,337	61,501
Non-current assets held for sale	0	574,967
Other assets, net	194,583	251,914
Total other assets	1,356,225	2,029,432
Total assets	1,901,029	2,593,421
Current liabilities:
Current maturities of long-term debt	44,160	29,458
Current operating lease liabilities	134,300	138,199
Accounts payable	50,800	56,349
Accrued liabilities	139,934	142,478
Current liabilities held for sale	0	64,139
Total current liabilities	369,194	430,623
Long-term liabilities:
Long-term debt, net of current maturities	1,428,667	1,674,235
Long-term operating lease liabilities, net of current portion	874,494	907,910
Non-current liabilities held for sale	0	377,445
Other long-term liabilities	129,960	141,479
Total long-term liabilities	2,433,121	3,101,069
Stockholders’ deficit:
Preferred stock $0.01 par value, 15,000,000 shares authorized, none issued	0	0
Common stock $0.01 par value, 175,000,000 shares authorized, 83,271,915 and 83,012,784 issued and outstanding, respectively	833	830
Capital in excess of par value	549,924	542,177
Retained earnings	1,797,114	1,769,205
Accumulated other comprehensive loss	(48,532)	(49,858)
Treasury stock, at cost, 64,120,270 shares, respectively	(3,200,625)	(3,200,625)
Total stockholders’ deficit	(901,286)	(938,271)
Total liabilities and stockholders' equity	$ 1,901,029	$ 2,593,421