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

The following table presents Jack in the Box and Qdoba company restaurant sales, costs and costs as a percentage of the related sales. Percentages may not add due to rounding.

SUPPLEMENTAL COMPANY-OPERATED RESTAURANTS STATEMENTS OF EARNINGS DATA
(Dollars in thousands)
                                   

Quarter

Fiscal Year

September 30, 2012 October 2, 2011 September 30, 2012 October 2, 2011
Jack in the Box:
Company restaurant sales $ 207,130 $ 243,028 $ 943,990 $ 1,181,961
Company restaurant costs:
Food and packaging 69,734 33.7% 85,178 35.0% 319,415 33.8% 403,209 34.1%
Payroll and employee benefits 59,703 28.8% 70,732 29.1% 278,464 29.5% 358,917 30.4%
Occupancy and other   46,793 22.6%   54,577 22.5%   205,134 21.7%   271,432 23.0%
Total company restaurant costs $ 176,230 85.1% $ 210,487 86.6% $ 803,013 85.1% $ 1,033,558 87.4%
 
Qdoba:
Company restaurant sales $ 71,803 $ 53,060 $ 275,224 $ 198,312
Company restaurant costs:
Food and packaging 21,106 29.4% 15,886 29.9% 80,597 29.3% 57,581 29.0%
Payroll and employee benefits 19,563 27.2% 14,494 27.3% 75,677 27.5% 55,546 28.0%
Occupancy and other   19,972 27.8%   15,287 28.8%   76,382 27.8%   58,334 29.4%
Total company restaurant costs $ 60,641 84.5% $ 45,667 86.1% $ 232,656 84.5% $ 171,461 86.5%
 

 
JACK IN THE BOX INC. AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION
(Unaudited)
 

The following table summarizes the changes in the number and mix of Jack in the Box and Qdoba company and franchise restaurants in each fiscal year:

                         
September 30, 2012 October 2, 2011
Company Franchise Total Company Franchise Total
Jack in the Box:
Beginning of year 629 1,592 2,221 956 1,250 2,206
New 19 18 37 15 16 31
Refranchised (97 ) 97 - (332 ) 332 -
Closed (4 ) (4 ) (8 ) (10 ) (6 ) (16 )
End of year 547   1,703   2,250   629   1,592   2,221  
% of Jack in the Box system 24 % 76 % 100 % 28 % 72 % 100 %
% of consolidated system 63 % 85 % 78 % 72 % 82 % 79 %
Qdoba:
Beginning of year 245 338 583 188 337 525
New 26 32 58 25 42 67
Acquired from franchisees 46 (46 ) - 32 (32 ) -
Closed (1 ) (13 ) (14 ) -   (9 ) (9 )
End of year 316   311   627   245   338   583  
% of Qdoba system 50 % 50 % 100 % 42 % 58 % 100 %
% of consolidated system 37 % 15 % 22 % 28 % 18 % 21 %
Consolidated:            
Total system 863   2,014   2,877   874   1,930   2,804  
% of consolidated system 30 % 70 % 100 % 31 % 69 % 100 %
 




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