JACK IN THE BOX (JACK)

DC Advisory
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ANNUAL – per Yahoo/Finance

QUARTERLY – per Yahoo/Finance

ENTERPRISE VALUE/TTM ADJUSTED EBITDA per Lipton Financial Services

FY 2024 Company-wide Guidance – AS OF Q4’23 REPORT

  • CapEx & Other Investments of $110-$120 million
    • Other investments include franchise tenant improvement allowances and incentives (cash flows from operating activities)
  • SG&A Guidance of $165-$175 million
    • SG&A guidance excludes net COLI gains/losses, and any impact from future Del Taco refranchising
    • G&A, excluding selling and advertising, is expected to be 2.3-2.5% of systemwide sales
  • Company-owned Commodity Costs higher by 1-3% vs. 2023
  • Company-owned Wage Rates higher by 10-12% vs. 2023
    • Without impact of California restaurants affected by AB1228, wage rates would be 3-5% vs. 2023
  • Depreciation & Amortization of $61-$63 million
  • Adjusted/Operating EPS Tax Rate of ~27%
  • Share Repurchases of $70-$80 million
  • Adjusted EBITDA of $325-$335 million
  • Operating EPS of $6.25-$6.50
    • Excludes any dilutive impact from refranchising Del Taco restaurants

MOST RECENT CONFERENCE CALL TRANSCRIPT

https://seekingalpha.com/article/4653572-jack-in-box-inc-jack-q4-2023-earnings-call-transcript