Pizza. Source: Pixabay
This article presents the same-store sales results for Jack in the Box and Del Taco. The report covers company-owned restaurants, franchise restaurants, and system-wide results. System-wide results represent the combination of sales from both company-owned and franchise restaurants.
Jack In The Box acquired Del Taco, a fast-food restaurant chain specializing in Mexican cuisine, for nearly $600 million USD in an all-cash deal in 2022.
Following the acquisition, Jack In The Box’s total restaurant count, including those acquired from Del Taco, reached 2,785 units by the end of fiscal year 2024. This growth propelled the company to become one of the largest fast-food restaurant chains in the world.
In terms of revenue, Jack In The Box earned $1.6 billion in sales as of the end of fiscal year 2024, the highest figure reported to date, according to this article – Jack In The Box revenue breakdown and profit margin.
Investors looking for other statistics about the company may find more information on these pages: Jack In The Box dividends, Jack In The Box cash on hand, and Jack In The Box revenue by segment.
Please use the table of contents to navigate this page.
Table Of Contents
Definitions And Overview
Same-Store Sales Results
A1. Jack In The Box
A2. Del Taco
Summary And Reference
S1. Summary
S2. References and Credits
S3. Disclosure
Definitions
To help readers understand the content better, the following terms and glossaries have been provided.
Same-Store Sales: Jack In The Box defines same-store sales as the changes in sales or revenue at restaurants that have been open for more than one year.
The same-store sales figures are categorized into three types: company restaurants, franchise restaurants, and system-wide.
- Company restaurants are owned and operated directly by Jack In The Box or Del Taco, rather than by franchisees.
- Franchise restaurants are owned and operated by franchisees, using Jack In The Box’s trademarks and logos and following the company’s terms and conditions.
- System-wide same-store sales combine the same-store sales figures from both company-owned and franchise restaurants.
This breakdown helps provide a comprehensive view of sales performance across different types of operations.
Jack In The Box Same-Store Sales
Jack In The Box same-store sales by year (click image to enlarge)
You can find the definition of Jack In The Box’s same-store sales here: same-store sales.
Jack In The Box experienced a significant decline in same-store sales in fiscal year 2024. System-wide, same-store sales decreased by 1.3%. Sales at company-owned restaurants remained flat, while franchise restaurants saw a decline of 1.5%.
Before fiscal year 2024, Jack In The Box had shown impressive growth in same-store sales. For instance, in fiscal year 2023, system-wide same-store sales increased by 7.3%. During that same period, sales at company-owned restaurants rose nearly 9%, while franchise restaurants reported a 7% growth in sales. This highlights a period of strong performance for the company across its various segments.
Jack In The Box also experienced modest growth in same-store sales across various segments in fiscal year 2022. This followed a substantial surge in same-store sales, which increased by 10%, in fiscal year 2021. This period of strong performance was a highlight for the company before facing challenges in fiscal year 2024.
A noteworthy trend is that Jack In The Box recorded its best same-store sales result in fiscal year 2021, with system-wide sales peaking at 10.3%. Since then, the company’s same-store sales have followed a downward trajectory, highlighting the challenges Jack In The Box faces in subsequent years. This trend underscores the difficulties in maintaining high sales performance over time.
The decline in Jack In The Box’s same-store sales can largely be attributed to a significant decrease in transactions. For example, in fiscal year 2024, the company experienced a notable reduction in customer visits to its locations. This drop in foot traffic had a substantial impact on their sales performance across various segments.
In addition to the decline in foot traffic, Jack In The Box also faced challenges with an unfavorable menu mix. For example, changes in customer preferences and menu items that did not resonate as well with customers negatively impacted the company’s sales performance.
Del Taco Same-Store Sales
Del Taco same-store sales by year (click image to enlarge)
You can find the definition of Del Taco’s same-store sales here: same-store sales.
Del Taco’s same-store sales growth was notably less impressive compared to Jack In The Box. In fiscal year 2024, Del Taco faced a similar decline in same-store sales, mirroring the challenges experienced by Jack In The Box.
Del Taco’s system-wide same-store sales declined by 1.5% in fiscal year 2024. Within the same period, sales at company-owned restaurants decreased by 1.3%, while franchise restaurants experienced a similar drop of 1.6%. This reflects the broader challenges faced by Del Taco during that fiscal year.
Although Del Taco’s same-store sales were positive in fiscal year 2023, they were less impressive compared to Jack In The Box. In fiscal year 2023, Del Taco’s system-wide sales grew by only 1.7%, compared to Jack In The Box’s 7.3%.
Moreover, Del Taco’s company-owned restaurant same-store sales of 2% was significantly less than Jack In The Box’s 8.8%. Franchise restaurants at Del Taco recorded same-store sales growth of just 1.4%, while Jack In The Box’s franchise restaurants saw a 7.1% increase in the same period. These figures highlight the stronger performance of Jack In The Box compared to Del Taco during fiscal year 2023.
A notable trend is that Del Taco’s same-store sales peaked at 7.7% for system-wide results in fiscal year 2021. Since then, Del Taco’s same-store sales have been on a downward trajectory. This highlights the challenges the company has faced in maintaining its sales momentum in subsequent years.
Summary
Jack In The Box showed stronger growth in fiscal year 2021, but both brands experienced a decline in same-store sales in fiscal year 2024. Jack In The Box’s system-wide sales peaked in 2021, whereas Del Taco’s same-store sales growth has been less impressive overall.
References and Credits
1. All financial figures in this article were obtained and referenced from Jack In The Box’s annual reports published in the company’s investors relation page: Jack In The Box’s Investor Relations.
2. Pixabay Images.
Disclosure
The content in this article is for informational purposes only and is neither a recommendation nor a piece of financial advice to purchase a stock.
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