Jack in the Box reported third quarter 2026 revenue of $257.7 million, missing analyst expectations, while operating EPS of $0.96 exceeded the consensus estimate. Same-store sales fell 1.1% as negative transaction trends across both company-owned and franchised locations outweighed pricing increases.
Key Highlights
- Systemwide same-store sales declined 1.1%, underperforming the previously guided improvement toward flat growth.
- Restaurant-level margins contracted to 17.6% from 17.9% last year, pressured by commodity inflation and a shift in restaurant mix.
- The company completed a $500 million refinancing of its Class A-2 Notes, utilizing proceeds to retire higher-interest debt and withdraw excess life insurance funding.
- The net restaurant count decreased by 13 units during the quarter as the company continued its aggressive 'JACK on Track' closure program.