Quarterly ResultAug 12, 2026, 04:25 PM
Jack in the Box Swings to YTD Net Earnings of $27.9M
AI Summary
Jack in the Box Inc. reported a significant swing to year-to-date net earnings of $27.9 million, compared to a net loss of $86.5 million in the prior year, primarily driven by reduced losses from discontinued operations following the sale of Del Taco. The company actively managed its debt, prepaying $215.0 million of notes and issuing $500.0 million in new notes to repay existing debt, reducing total long-term debt to $1.43 billion. For the third quarter, revenues decreased slightly to $257.7 million, and diluted net earnings per share were $1.03.
Key Highlights
- Year-to-date net earnings swung to $27.9 million from a net loss of $86.5 million.
- Losses from discontinued operations significantly reduced to $20.1 million year-to-date from $161.0 million.
- Prepaid $215.0 million of Series 2019-1 Class A-2-II Notes using Del Taco sale proceeds and cash.
- Issued $500.0 million Series 2026-1 Class A-2 Notes for debt refinancing.
- Repaid $46.1 million of Series 2019-1 and $479.9 million of Series 2022-1 notes.
- Total long-term debt decreased to $1.43 billion from $1.67 billion.
- Third-quarter revenues decreased 1.8% year-over-year to $257.7 million.
- Third-quarter diluted net EPS was $1.03, down from $1.15 year-over-year.
Price Impact
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