ANNUAL – per Yahoo/Finance

QUARTERLY – per Yahoo/Finance

ENTERPRISE VALUE/TTM ADJUSTED EBITDA per Lipton Financial Services

GUIDANCE FOR FISCAL YEAR ENDING SEPTEMBER ’23, as of May ’23

Guidance for FY September ’23 Commodity Guidance up 8-10% vs. 2022 (previously 9-11%)

Company-owned Wage Rate Guidance up 3-6% vs. 2022 (unchanged from previous)

Operating EPS Guidance of $5.90-$6.10 (previously $5.25-5.65)

• • Includes the $0.22 negative impact from the legal charge in Q1 2023, which is not expected to reoccur in Q1 2024
  • Includes the $0.05 net positive impact from the two litigation matters in Q2 2023, which are not expected to reoccur in Q2 2024
  • Includes the $0.23 positive impact from the Hawaii transaction in Q1 2023, which should be noted as a one-time item that will not occur in Q1 2024
  • Includes the $0.11 negative impact associated with store-level technology and POS project investments (previously $0.22, lower due to certain projects pushing forward to 2024)
  • Includes impact from expected refranchising of 65-85 total Del Taco restaurants in FY 2023
  • The company now plans to execute at least $70 million in share repurchases in FY 2023

Brand Segment Guidance

• Same Store Sales of Mid-to-High Single Digits for JIB (previously Low-Single Digits)
• Same Store Sales of Low-Single Digits for Del Taco (unchanged from previous)
• JIB expects positive net unit growth, 25-30 gross openings (unchanged previous)
• Del Taco expects positive net unit growth, 8-12 gross openings (unchanged previous)
• Restaurant Level Margin Outlook
  • Jack in the Box Restaurant EBITDA of 19-21%, including high single digit price increases, impacted negatively by 125bps due to the remaining Evolving Markets (previously 18-20%)
  • Del Taco Restaurant EBITDA of 14-16%, including high single digit price increases (unchanged from previous), and includes impact from refranchising
  •  Franchise Level Margin Outlook
    • Jack in the Box Franchise Margin to be 41-42% (previously 40-41%)
      • Includes negative impact from restaurant level technology and POS project investments
      • As a reminder, the $7.3 million (~90bps) positive impact from the Hawaii transaction was included in both the original FLM guidance provided in November, as well as the current FLM guidance update
    • Del Taco Franchise Level Margin is expected to be 37-38% (previously ~41%), and includes the impact from refranchising

MOST RECENT CONFERENCE CALL TRANSCRIPT

https://seekingalpha.com/article/4605492-jack-in-box-inc-jack-q2-2023-earnings-call-transcript