![]() Staffing improvements eased reductions in operating hours, but more employees are needed for the late-night business to fully recover, said Mr. Slightly more than half of Jack in the Box’s dining rooms were open in the third quarter, an improvement from the prior three-month period. Egg rolls and tiny tacos helped grow the average number of items per check. Snack and dinner sales benefited from recent launches, including a new grilled chicken sandwich and a Girl Scout cookie-themed shake. The snack and dinner dayparts drove most of the quarterly sales improvement for Jack in the Box, while transactions across the breakfast and late-night dayparts declined. ![]() “The quarter began with negative same-store sales trends as we lapsed stimulus checks from last year, but as that impact faded, the trend turned positive,” Mr. Harris said.īoth brands experienced a boost late in the quarter after facing tough year-over-year comparisons early in the summer. “Franchisees have seen improved transactions along with the price hikes, which is fairly rare within the industry,” Mr. The brand executed record levels of price increases at just under 12% in the third quarter. Sales were boosted by the quick-service chain’s value platform and an increase in average ticket size.ĭel Taco saw increased mix in its 20 under $2 menu despite it being a “substantial increase within the value platform,” said Darrin Harris, chief executive officer. Franchise same-store sales were up 4.8% and company operated same-store sales were up 2.3%. Systemwide sales for Del Taco, which Jack in the Box acquired this spring for $585 million, increased 3.3%. Franchise comparable sales were down 1% while company operated comparable sales grew 3.5%. Systemwide sales decreased 1.4%, with same-store sales down 0.6%. ![]() Net earnings for the third quarter ended July 10 were $22.9 million, equal to $1.08 per share on the common stock, a significant decline from $40 million, or $1.80 per share, in the same period a year ago. Ongoing challenges, including the risk of recession, battling for share of customers dining out and hefty inflation headwinds are “macro issues affecting the entire industry,” he added.
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