Jack in the Box Q1 revenue falls 5.8% to $349.5M as same-store sales drop 6.7%
Jack in the Box reported Q1 FY26 revenue of $349.5 million, down 5.8% year-on-year, with same-store sales sliding 6.7% and net earnings falling to $14.4 million from $31 million. Diluted EPS dropped to $0.75 from $1.61, and adjusted EBITDA declined to $68.2 million from $88.8 million.
1. Q1 Financial Results
Jack in the Box reported Q1 FY26 revenue of $349.5 million, down 5.8% from $371.1 million a year earlier, as same-store sales declined 6.7%. Net earnings from continuing operations fell to $14.4 million from $31 million, while diluted EPS dropped to $0.75 from $1.61 and adjusted EBITDA fell to $68.2 million from $88.8 million.
2. Operational Footprint Changes
During the quarter, the chain opened six new restaurants but closed 14 locations, resulting in a net reduction of eight outlets and contributing to a 7.1% year-on-year decline in systemwide sales.
3. Del Taco Divestiture
Jack in the Box completed the sale of its Del Taco operations to Yadav Enterprises and Anil Yadav, removing Del Taco from its portfolio and realigning resources toward its core brand.
4. FY26 Guidance
The company reaffirmed its full-year guidance, targeting a restaurant count of 2,050 to 2,100, projecting same-store sales growth between -1% and +1% and expecting restaurant-level margins of 17% to 18%.