This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Jack In The Box Inc. Reports Fourth Quarter FY 2012 Earnings; Issues Guidance For FY 2013; Updates Long-term Goals

During fiscal 2012, the company engaged in a comprehensive review of its organization structure, including evaluating opportunities for outsourcing, restructuring of certain functions and workforce reductions. As a result, restructuring charges of $2.7 million, or approximately $0.04 per diluted share, were recorded during the fourth quarter, and $15.5 million, or approximately $0.23 per diluted share, were recorded during fiscal 2012. These charges relate primarily to severance costs for positions that were eliminated or employees who elected to participate in the company’s voluntary early retirement program. These charges are also included in “impairment and other charges, net” in the accompanying consolidated statements of earnings, which increased in the fourth quarter to $8.3 million from $2.5 million a year ago.

Gains from refranchising contributed approximately $0.16 per diluted share for the fourth quarter of fiscal 2012 as compared with approximately $0.30 per diluted share in the prior year quarter. For fiscal year 2012, gains from refranchising contributed approximately $0.44 per diluted share as compared with approximately $0.78 for fiscal year 2011.

As previously announced, during the fourth quarter of 2012, the company began outsourcing its distribution business, and the transition was completed in the first quarter of fiscal 2013. As a result of the outsourcing, the company recorded after-tax charges totaling $5.3 million in the fourth quarter of fiscal 2012, which reduced diluted net earnings per share by approximately $0.12. This charge and the results of operations for the distribution business are included in discontinued operations in the accompanying consolidated statements of earnings for all periods presented.

Increase in same-store sales:

12 Weeks Ended Sept. 30, 2012

12 Weeks Ended Oct. 2, 2011

52 Weeks Ended Sept. 30, 2012

52 Weeks Ended Oct. 2, 2011
Jack in the Box ®:
Company 3.1 % 5.8 % 4.6 % 3.1 %
Franchise 3.0 % 2.0 % 3.0 % 1.3 %
System 3.1 % 3.1 % 3.4 % 1.8 %
Qdoba ®:

Company 0.8 % 4.3 % 2.8 % 5.1 %
Franchise 0.0 % 3.3 % 1.9 % 5.4 %
System 0.4 % 3.7 % 2.4 % 5.3 %

2 of 9

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,888.35 +168.43 0.95%
S&P 500 2,102.63 +22.22 1.07%
NASDAQ 5,156.3060 +47.64 0.93%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs