Jack In The Box Exceeds Expectations, Reports Non-GAAP EPS of $1.47 and Revenue of $395.74M
May 18, 2023
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Jack In The ($NASDAQ:JACK) Box is an American fast-food restaurant chain headquartered in San Diego, California. It is primarily known for its burgers, tacos, and breakfast items. The company’s strong third quarter performance was attributed to its focus on menu innovation, digital initiatives, and cost control.
These factors drove same-store sales growth in both company-operated and franchise restaurants. Going forward, Jack In The Box is confident that it will continue to be successful due to its strong consumer base, strategic initiatives, and focus on driving traffic to its restaurants.
Earnings
The company also earned a total revenue of 527.1M USD in the quarter, with a 52.9% increase from the previous year. Net income also saw a significant increase, with a 35.6% increase from the previous year to reach 53.25M USD. Impressive year over year growth was also seen in JACK IN THE BOX’s total revenue, with an increase from 257.22M USD to 527.1M USD in the past three years.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for JACK. More…
| Total Revenues | Net Income | Net Margin |
| 1.65k | 129.76 | 7.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for JACK. More…
| Operations | Investing | Financing |
| 191.3 | -556.07 | 457.92 |
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 |
| 2.91k | 3.61k | -34.13 |
Key Ratios Snapshot
Some of the financial key ratios for JACK are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.5% | 10.5% | 16.6% |
| FCF Margin | ROE | ROA |
| 7.9% | -23.8% | 5.9% |
Stock Price
This prosperous report sent JACK IN THE BOX stock up 0.3% from the prior closing price of 95.3, with the stock opening at $98.0 and closing at $95.6. This report helped JACK IN THE BOX exceed expectations and it is evident that the company has been going from strength to strength. Investors have been optimistic about the company’s outlook and this report has only added to their confidence. The company is expected to keep up its strong performance in the future. Live Quote…
Analysis
Using the Star Chart, we have determined that JACK IN THE BOX is strong in asset and weak in dividend. We also found that JACK IN THE BOX is classified as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Based on these findings, we believe that JACK IN THE BOX may be of particular interest to investors looking for rapid growth potential, although the stability of the company should be taken into consideration. Additionally, JACK IN THE BOX has a high health score of 7/10 with regard to its cashflows and debt, demonstrating that it is capable to pay off debt and fund future operations. More…
Peers
In the fast food industry, there is always competition between different companies. Two of the biggest competitors in this industry are Jack in the Box Inc. and Amrest Holdings SE. While both companies offer similar products, they have different strategies that they use to try to win over customers. For example, Jack in the Box Inc. focuses on offering a wide variety of food items, while Amrest Holdings SE focuses on providing a more personal dining experience. Ultimately, it is up to the customer to decide which company they prefer.
– Amrest Holdings SE ($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
Revenue came in at $395.74 million, beating expectations by $10.3 million. Although the company’s costs increased and its profit margins dropped, overall Jack In The Box reported better-than-expected financial results, which bodes well for the company’s future performance.
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