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

Jack in the Box Inc. (NASDAQ: JACK) today reported earnings from continuing operations of $24.1 million, or $0.54 per diluted share, for the fourth quarter ended September 29, 2013, compared with earnings from continuing operations of $19.2 million, or $0.42 per diluted share, for the fourth quarter of fiscal 2012.

Fiscal 2013 earnings from continuing operations totaled $82.6 million, or $1.84 per diluted share, compared with $68.1 million, or $1.52 per diluted share in fiscal 2012.

Operating earnings per share, a non-GAAP measure which the company defines as diluted earnings per share from continuing operations on a GAAP basis excluding restructuring charges and gains or losses from refranchising, were $0.45 in the fourth quarter of fiscal 2013 compared with $0.31 in the prior year quarter. For fiscal year 2013, operating earnings per share were $1.82 compared with $1.31 last year.

A reconciliation of non-GAAP measurements to GAAP results is provided below, with additional information included in the attachment to this release. Figures may not add due to rounding.
  12 Weeks Ended   52 Weeks Ended
Sept. 29,2013   Sept. 30,2012 Sept. 29,2013   Sept. 30,2012
Diluted earnings per share fromcontinuing operations – GAAP

$

0.54
 

$

0.42

$

1.84
 

$

1.52
Restructuring charges 0.03 0.04 0.05 0.23
Gains from refranchising   (0.13 )     (0.16 )   (0.07 )     (0.44 )
Operating earnings per share – Non-GAAP $ 0.45     $ 0.31   $ 1.82     $ 1.31  
 

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