Same-store sales decreased 3.9% in the fourth quarter of 2024, comprised of franchise same-store sales decrease of 4.2% and company-operated same-store sales decrease of 3.0%. Sales performance was driven by decreases in transactions and menu mix, which was partially offset by increase in price. Systemwide sales(1) for the fourth quarter of 2024 decreased 3.3%. Restaurant-Level Margin(3), was 9.3% for the fourth quarter, a decrease from 14.8% in the prior year period. This decrease was primarily driven by transaction declines, as well as inflationary increases in wages and commodities, slightly offset by menu price increases and a change in the mix of restaurants. Franchise-Level Margin(3), was 26.5% for the fourth quarter, a decrease from 32.5% one year ago. The decrease was driven by higher information technology expenses and the impact of refranchising transactions and the related increase of the pass through rent and marketing fees.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on JACK:
- Jack in the Box options imply 9.6% move in share price post-earnings
- Jack in the Box price target lowered to $60 from $95 at Guggenheim
- Jack in the Box price target lowered to $50 from $60 at Wedbush
- Jack In The Box (JACK) Q4 Earnings Cheat Sheet
- Jack in the Box downgraded to Neutral from Buy at Northcoast
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
