JACK IN THE BOX Reports Third Quarter Earnings for FY2023
August 19, 2023
🌥️Earnings Overview
On August 9 2023, JACK IN THE BOX ($NASDAQ:JACK) reported their earnings results for the third quarter of FY2023 which ended on June 30 2023. Their total revenue increased 0.3% year over year to USD 396.9 million, while their net income rose by 10.0% to USD 29.2 million.
Stock Price
At the opening bell, JACK IN THE BOX stock opened at $94.6 and ended the day closing at $87.3, marking a 6.8% drop from the prior day’s closing stock price at $93.7. The reported earnings for JACK IN THE BOX fell short of expectations, as analysts had predicted a 1% increase for the quarter. This marks the first time in four quarters that JACK IN THE BOX has not seen positive performance in terms of stock price growth.
The news has caused many analysts to question the future of JACK IN THE BOX and investors have voiced concerns over the company’s financial health. Despite the short-term dip in stock price, most analysts remain positive about the long-term prospects for JACK IN THE BOX and believe that the company is well-positioned for growth in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for JACK. More…
| Total Revenues | Net Income | Net Margin |
| 1.72k | 154.79 | 7.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for JACK. More…
| Operations | Investing | Financing |
| 241.14 | 51.3 | -203.33 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for JACK. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.95k | 3.66k | -35.08 |
Key Ratios Snapshot
Some of the financial key ratios for JACK are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.4% | 9.9% | 17.8% |
| FCF Margin | ROE | ROA |
| 10.0% | -27.2% | 6.5% |
Analysis
At GoodWhale, we carefully analyzed the fundamentals of JACK IN THE BOX, and we have come to the conclusion that it is a medium risk investment in terms of financial and business aspects. Our risk ratings are based on a number of factors, such as the company’s financial statements, performance, liquidity, and debt levels. Upon reviewing JACK IN THE BOX’s income sheet, we also identified one risk warning that investors should be aware of. If you are interested in learning more about this risk warning and getting the most up-to-date financial information for JACK IN THE BOX, we invite you to register with us at GoodWhale. We can provide you with comprehensive data and insights into the company’s performance. More…
Peers
In the fast food industry, there is always competition between different companies. Two of the biggest competitors in this industry are Jack in the Box Inc. and Amrest Holdings SE. While both companies offer similar products, they have different strategies that they use to try to win over customers. For example, Jack in the Box Inc. focuses on offering a wide variety of food items, while Amrest Holdings SE focuses on providing a more personal dining experience. Ultimately, it is up to the customer to decide which company they prefer.
– Amrest Holdings SE ($LTS:0OGQ)
Amrest Holdings SE is a holding company that operates in the restaurant industry. It has a market cap of 4.01B as of 2022 and a return on equity of 14.44%. The company operates through two segments: restaurants and other. The restaurant segment includes the operation of restaurants, cafes, bars, and other food and beverage outlets. The other segment includes the operation of other businesses, such as the sale of food and beverage products, the provision of catering services, and the operation of hotels.
– Create Restaurants Holdings Inc ($TSE:3387)
Restaurants Holdings Inc is one of the world’s largest restaurant chains, with over 36,000 locations in over 100 countries. The company has a market cap of 191.66B as of 2022 and a ROE of 12.73%. The company operates in the quick service, casual dining, and fine dining segments and offers a variety of cuisines, including American, Chinese, Italian, Japanese, and Mexican.
– Mos Food Service Inc ($TSE:8153)
In 2022, Sysco’s market cap was $96.21 billion and its ROE was 5.34%. Sysco is a foodservice company that provides products and services to restaurants, hotels, healthcare facilities, and other customers worldwide. Sysco’s product offerings include fresh meat and seafood, produce, prepared food, and non-food items such as paper goods and cleaning supplies. The company also offers value-added services such as menu development, culinary training, and food safety consulting.
Summary
Investors in JACK IN THE BOX should take note of their third quarter earnings report for FY2023, which showed a modest growth in total revenue of 0.3% year over year. Net income rose by 10.0% to USD 29.2 million, however the stock price declined the same day. This could be due to investors expecting better results, or it could be indicative of a larger trend in the market. Investors should watch for any further developments in the company’s growth and performance in the coming quarters to decide whether JACK IN THE BOX is a good investment opportunity at this time.
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