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Jack in the Box wraps fiscal year with 'strongest performance in 4 years' in same-store sales

Logo: Jack in the Box

November 21, 2019

Jack in the Box Inc. wrapped up its fiscal year and reported annual and fourth-quarter results showing improvement in sales the last quarter, but lower overall annual earnings than the previous fiscal year, according to fiscal results released to the media. 

For the quarter and year ending, Sept. 29, 2019 results included: 

• 3% increase in systemwide same-store sales. 
• 3.5% increased in company same-store sales. 
• $22 million (86 cents per diluted share) vs. $18.3 million (68 cents per diluted share) in Q4 earnings from continuing operations over previous year's quarter.
• $91.7 million ($3.52 per diluted share) in fiscal 2019 earnings from continuing operations vs. $104.3 million, or $3.62 per diluted share in fiscal 2018.

"Our 2019 operating results demonstrate the momentum in the Jack in the Box brand, with same-store sales improving to the strongest performance in four years," chairman and CEO Lenny Comma, said in the release. "We have now achieved our ninth consecutive year of positive same-store sales.

"We plan to build on these results by improving the guest experience through operations consistency and reducing wait times, serving indulgent food our guests crave, and targeting investments designed to maximize our returns. With our refranchising initiative complete, we have a renewed focus on expanding unit growth. "