Jack in the Box Reports $254.3M Revenue, Significant Net Earnings Turnaround

Jack in the Box Inc. reported its financial results for the quarter ending April 12, 2026, revealing a total revenue of $254.3 million, a decrease of 4.3% from $265.7 million in the same quarter of the previous year. The company's net earnings for the quarter were $10.2 million, compared to a net loss of $142.2 million in the prior year, marking a significant turnaround. Earnings per share for the quarter were $0.53, a notable improvement from a loss of $7.47 per share in the same period last year. Year-to-date, the company reported revenues of $603.8 million, down from $636.8 million, while net earnings stood at $7.8 million, compared to a loss of $108.5 million in the previous year.

The financial performance reflects several strategic changes, including the sale of Del Taco, which was completed on December 22, 2025. This divestiture has allowed Jack in the Box to focus on its core operations, resulting in a reclassification of Del Taco's financials as discontinued operations. The company has also prioritized debt reduction, utilizing proceeds from the sale to prepay $105 million of its existing debt. As of April 12, 2026, total long-term debt was reported at $1.6 billion, down from $1.7 billion at the end of the previous fiscal year.

Operationally, Jack in the Box operated 149 company-operated restaurants and 1,979 franchise-operated locations as of the reporting date. The company experienced a decline in same-store sales, with a decrease of 2.8% for company-operated restaurants and 3.9% for franchise locations in the quarter. The overall systemwide sales also fell by 3.8% compared to the previous year. The decrease in sales was attributed to lower customer traffic and increased competition in the quick-service restaurant sector.

In terms of expenses, food and packaging costs increased due to commodity inflation, while payroll and employee benefits also rose, reflecting labor cost pressures. Selling, general, and administrative expenses decreased to $63.4 million from $69.4 million year-over-year, primarily due to lower litigation costs and a reduction in other operational expenses. The company reported a cash balance of $69.4 million and restricted cash of $26.3 million, with available borrowings of $95.3 million under its credit facility.

Looking ahead, Jack in the Box anticipates that cash flows from operations, combined with its financing facilities, will be sufficient to meet its capital expenditure and debt service requirements for the foreseeable future. The company remains focused on enhancing its operational efficiency and exploring opportunities for growth, particularly in its core Jack in the Box brand, while managing the impacts of market conditions and consumer preferences.