JACK IN THE BOX INCJACK
JACK IN THE BOX INC Segments Disclosure
SEGMENT REPORTING
The Company’s principal business consists of developing, operating and franchising our Jack in the Box and Del Taco restaurant brands, each of which is considered a reportable operating segment. Our chief operating decision maker (“CODM”) in 2025 is our Chief Executive Officer, Lance Tucker. Our segment reporting structure reflects the Company’s current management structure, internal reporting method and financial information used in deciding how to allocate Company resources. Based upon certain quantitative thresholds, each operating segment is considered a reportable segment.
The Company measures and evaluates our segments based on segment revenues and segment profit (loss). The CODM reviews segment profits and significant expense categories to assess performance, identify trends or changes, and determine the proper allocation of resources. The reportable segments do not include an allocation of the costs related to shared service functions, such as accounting/finance, human resources, audit services, legal, tax and treasury. These costs are reflected in the caption “general and administrative and other unallocated” below.
Our measure of segment profit excludes general and administrative and other unallocated costs, depreciation and amortization, company-owned life insurance (“COLI”) gains/ losses, impairment of goodwill and intangible assets, other operating expense (income), net, and gains on the sale of company-operated restaurants.
We do not evaluate, manage or measure performance of segments using asset values, pension or post-retirement expense, interest income and expense, or income tax information as they are not viewed by the Company as relevant to segment performance. Accordingly, this information by segment is not prepared or disclosed.
The following table provides information related to our operating segments in each period (in thousands):
| 2025 | |||||||||||||||||
| Jack in the Box | Del Taco | Total | |||||||||||||||
| Revenues by segment | $ | 1,153,967 | $ | 311,347 | $ | 1,465,314 | |||||||||||
| Less: | |||||||||||||||||
| Food and packaging | 116,472 | 54,605 | 171,077 | ||||||||||||||
| Payroll and employee benefits | 140,789 | 81,366 | 222,155 | ||||||||||||||
| Occupancy and other operating costs | 77,807 | 51,381 | 129,188 | ||||||||||||||
| Other segment expense (1) | 46,073 | 26,536 | 72,609 | ||||||||||||||
| Franchise expenses | 443,126 | 73,838 | 516,964 | ||||||||||||||
| Segment profit (loss): | 329,700 | 23,621 | 353,321 | ||||||||||||||
| General and administrative and other unallocated | 91,243 | ||||||||||||||||
| Depreciation and amortization | 58,314 | ||||||||||||||||
| (Gain)/ loss on COLI | (6,882) | ||||||||||||||||
| Impairment of goodwill and intangible assets | 209,556 | ||||||||||||||||
| Other operating expense (income), net | 22,403 | ||||||||||||||||
| Gains on the sale of company-operated restaurants | (3,243) | ||||||||||||||||
| Other pension and post-retirement expenses, net | 5,814 | ||||||||||||||||
| Interest expense, net | 78,941 | ||||||||||||||||
| (Loss) earnings before income taxes | $ | (102,825) | |||||||||||||||
________________________
(1)Other segment expense represents selling, general, and administrative costs, pre-opening costs, and certain amortization expenses attributable to the identified operating segments.
| 2024 | |||||||||||||||||
| Jack in the Box | Del Taco | Total | |||||||||||||||
| Revenues by segment | $ | 1,197,420 | $ | 373,886 | $ | 1,571,306 | |||||||||||
| Less: | |||||||||||||||||
| Food and packaging | 126,064 | 73,207 | 199,271 | ||||||||||||||
| Payroll and employee benefits | 134,678 | 103,369 | 238,047 | ||||||||||||||
| Occupancy and other operating costs | 73,736 | 65,569 | 139,305 | ||||||||||||||
| Other segment expense | 32,385 | 28,416 | 60,801 | ||||||||||||||
| Franchise expenses | 455,625 | 66,166 | 521,791 | ||||||||||||||
| Segment profit (loss): | 374,932 | 37,159 | 412,091 | ||||||||||||||
| General and administrative and other unallocated | 100,004 | ||||||||||||||||
| Depreciation and amortization | 59,776 | ||||||||||||||||
| (Gain)/ loss on COLI | (14,390) | ||||||||||||||||
| Impairment of goodwill and intangible assets | 162,624 | ||||||||||||||||
| Other operating expense (income), net | 24,796 | ||||||||||||||||
| Gains on the sale of company-operated restaurants | (3,255) | ||||||||||||||||
| Other pension and post-retirement expenses, net | 6,843 | ||||||||||||||||
| Interest expense, net | 80,016 | ||||||||||||||||
| (Loss) earnings before income taxes | $ | (4,323) | |||||||||||||||
| 2023 | |||||||||||||||||
| Jack in the Box | Del Taco | Total | |||||||||||||||
| Revenues by segment | $ | 1,195,311 | $ | 496,995 | $ | 1,692,306 | |||||||||||
| Less: | |||||||||||||||||
| Food and packaging | 130,905 | 119,931 | 250,836 | ||||||||||||||
| Payroll and employee benefits | 127,357 | 147,241 | 274,598 | ||||||||||||||
| Occupancy and other operating costs | 69,216 | 94,057 | 163,273 | ||||||||||||||
| Other segment expense | 30,757 | 40,535 | 71,292 | ||||||||||||||
| Franchise expenses | 454,390 | 41,073 | 495,463 | ||||||||||||||
| Segment profit (loss): | 382,686 | 54,158 | 436,844 | ||||||||||||||
| General and administrative and other unallocated | 108,918 | ||||||||||||||||
| Depreciation and amortization | 62,287 | ||||||||||||||||
| (Gain)/ loss on COLI | (5,953) | ||||||||||||||||
| Other operating expense (income), net | 10,837 | ||||||||||||||||
| Gains on the sale of company-operated restaurants | (17,998) | ||||||||||||||||
| Other pension and post-retirement expenses, net | 6,967 | ||||||||||||||||
| Interest expense, net | 82,446 | ||||||||||||||||
| (Loss) earnings before income taxes | $ | 189,340 | |||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Nov 19, 2025 | Showing above |
| 2024 | Nov 21, 2024 | |
| 2023 | Nov 21, 2023 | |
| 2017 | Nov 30, 2017 | |
| 2016 | Nov 22, 2016 | |
| 2015 | Nov 19, 2015 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.