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Jack In The Box Inc. Reports Fourth Quarter FY 2013 Earnings; Issues Guidance For FY 2014; Updates Long-term Goals

Gains from refranchising were $7.8 million in the fourth quarter, or approximately $0.13 per diluted share, compared with $10.2 million, or approximately $0.16 per diluted share, in the prior year quarter. For fiscal year 2013, gains from refranchising contributed approximately $0.07 per diluted share as compared with approximately $0.44 for fiscal year 2012.

Increase (decrease) in same-store sales:

    12 Weeks Ended Sept. 29, 2013       12 Weeks Ended Sept. 30, 2012       52 Weeks Ended Sept. 29, 2013       52 Weeks Ended Sept. 30, 2012
Jack in the Box ®:
Company (0.2%) 3.1% 1.0% 4.6%
Franchise (1.7%) 3.0% 0.1% 3.0%
System (1.4%) 3.1% 0.3% 3.4%
Qdoba ®:
Company 1.3% 1.2% 0.5% 3.2%
Franchise 2.8% 0.0% 1.1% 1.9%
System 2.0% 0.5% 0.8% 2.5%
 

Linda A. Lang, chairman and chief executive officer, said, “Jack in the Box company same-store sales decreased 0.2 percent for the quarter. After a slow start, however, sales accelerated and were positive for each of the last six weeks of the quarter. We are pleased that same-store sales have strengthened even further in the first seven weeks of the current quarter. Qdoba same-store sales in the fourth quarter increased 1.3 percent for company restaurants and 2.0 percent system-wide, showing sequential improvement from our third quarter results.

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