JACK IN THE BOX INC SEC Filings

Jack in the Box Inc. reported lower ongoing profits but a return to overall profitability after exiting Del Taco. For the quarter ended July 5, 2026, revenue from continuing operations was $257.7 million and net earnings were $20.1 million, versus $22.0 million a year earlier. Year-to-date, revenue fell to $861.4 million from $899.2 million, while net earnings improved sharply to $27.9 million from a loss of $86.5 million, largely due to much smaller losses from discontinued Del Taco operations.

System same-store sales declined 1.1% in the quarter and 4.2% year-to-date, as lower transactions offset modest menu price increases. Earnings from continuing operations year-to-date fell to $48.0 million from $74.5 million, pressured by commodity and labor inflation and softer franchise sales, partly offset by higher real estate gains and lower SG&A.

The company completed the $115.0 million Del Taco sale, recording a $47.4 million loss on sale. Debt totaled $1.49 billion after refinancing with new 2026 notes at 7.624% and prepaying older tranches; leverage remains above key thresholds, triggering scheduled and cash-sweep amortization, but liquidity includes $71.8 million in cash and $54.6 million of available revolver capacity.

Jack in the Box Inc. reported third‑quarter 2026 revenue of $257.7 million, down slightly from $262.4 million, as same‑store sales declined 1.1% and systemwide sales fell 1.4%. Jack in the Box restaurant count decreased to 2,115 locations after 4 openings and 17 closures.

Net earnings from continuing operations were $21.0 million with diluted EPS of $1.08, versus $22.8 million and $1.19 a year earlier, while Adjusted EBITDA rose to $61.2 million from $57.1 million. Year‑to‑date, the company generated net earnings of $27.9 million versus a loss of $86.5 million in 2025, reflecting the Del Taco divestiture being in discontinued operations. The company refinanced its securitized debt with $500 million of new 2026‑1 Class A‑2 Notes and prepaid or repaid older tranches, reducing long‑term debt. Updated 2026 guidance calls for about 2,100 Jack in the Box restaurants, Adjusted EBITDA of $225–$230 million, a low single‑digit same‑store sales decline, and no dividends or share repurchases.

Jack in the Box Inc. director and Exec Chairman & Interim CEO Mark James King reported a sale of 5,626 shares of common stock on 2026-07-21 at $14.70 per share. According to the disclosure, the shares were sold to satisfy tax withholding obligations upon vesting of restricted stock units under an automatic sell-to-cover policy. Following this transaction, King directly holds 187,552 shares of Jack in the Box common stock.

Jack in the Box Inc. announced a leadership change in its supply chain function. Effective July 2, 2026, Carl Mount stepped down from his Executive Leadership Team position as Senior Vice President and Chief Supply Chain Officer and will serve in an advisory role through October 1, 2026. The company states there were no disagreements with Mr. Mount on operations, policies, or practices. Subject to signing and not revoking a customary release of claims, he will be eligible for severance benefits under the Jack in the Box Inc. Severance Plan for Executive Officers.

Jack in the Box Inc. completed a securitized financing that includes $500 million of Series 2026-1 7.624% Fixed Rate Senior Secured Notes, Class A-2, and a new $150 million Series 2026-1 Variable Funding Senior Secured Notes, Class A-1 revolving facility. The notes are issued by a bankruptcy-remote subsidiary and are secured by most of the company’s revenue-generating assets, including franchise agreements, certain company-operated restaurants and key intellectual property.

Net proceeds are being used to repay in full $46,113,681.10 of Series 2019-1 Class A-2-II notes and $479,894,390.00 of Series 2022-1 Class A-2-I notes, with any remaining proceeds upstreamed for general corporate purposes. The Class A-2 Notes pay interest and principal quarterly, have a legal final maturity in May 2056 and an anticipated repayment date in May 2031, after which additional interest applies if not repaid or redeemed. The variable facility allows revolving borrowings based on benchmark rates plus a margin, with an expected repayment on or before May 2031 and two possible one-year extensions.

Jack in the Box Inc. executive chairman and interim CEO Mark James King reported an automatic sale of 5,911 shares of common stock at $12.53 per share. According to the footnote, the shares were sold solely to cover tax withholding obligations upon vesting of restricted stock units under the company’s automatic sell-to-cover policy. After this transaction, he directly holds 193,178 shares, so the filing reflects a routine tax-related disposition rather than a discretionary open-market sale.

GreenWood Investors LLC filed Amendment No. 1 to its Schedule 13D on Jack in the Box Inc., reporting beneficial ownership of 1,352,490 common shares, or 7.1% of the company, held for GreenWood funds and accounts.

They used approximately $23,271,959 in aggregate to purchase these shares, funded by working capital and margin borrowings in certain managed accounts. GreenWood Investors LLC and Steven D. Wood report shared voting power over 1,312,986 shares and shared dispositive power over 1,352,490 shares, with no sole voting or dispositive authority. The ownership percentage is based on 19,073,616 shares outstanding as of May 6, 2026.

Jack in the Box Inc. has agreed, through a special purpose subsidiary, to issue and sell $500 million of Series 2026-1 7.624% Fixed Rate Senior Secured Notes, Class A-2, in a privately placed securitization expected to close in June 2026, subject to closing conditions. Interest will be paid quarterly, with an anticipated repayment date in May 2031 and a step-up in interest if the notes remain outstanding beyond that date. The company expects to use the net proceeds to fully repay its Series 2019-1 4.476% Fixed Rate Senior Secured Notes, Class A-2-II and to repay a portion of the Series 2022-1 3.445% Fixed Rate Senior Secured Notes, Class A-2-I. The Master Issuer also intends to issue $150 million of Series 2026-1 Variable Funding Senior Secured Notes, Class A-1, to replace the company’s existing $150 million Series 2022-1 Variable Funding Senior Secured Notes, Class A-1.

Jack in the Box Inc. plans a significant debt refinancing and reduction as part of its “JACK on Track” plan. The company intends to repay $110 million of its Series 2019-1 4.476% Fixed Rate Senior Secured Notes, Class A-2-II on June 10, 2026, using cash on hand and company-owned life insurance policy assets.

After this payment, total debt reduction in 2026 is expected to reach $236.4 million, and outstanding securitized debt is expected to be about $1.5 billion across its Series 2019-1 and 2022-1 Class A-2 Notes. Certain subsidiaries also intend to complete a refinancing made up of $500 million of senior secured fixed rate notes and $150 million of variable funding notes, with proceeds expected to refinance existing Series 2019-1 and 2022-1 notes and related variable funding notes and cover transaction costs.

The company states that debt reduction and capital structure optimization remain priorities to support financial flexibility and long-term growth, while noting the planned offering is subject to market and other conditions and may not be completed on the terms described or at all.