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Get filing alertsJack in the Box Q3 same-store sales fall 1.1%, completes $500M debt refinancing
Filed August 12, 2026 · Period ending August 12, 2026 · ~1 min read
Key Changes
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Same-store sales declined 1.1% in Q3 (ended July 5, 2026), driven by lower transactions partially offset by price increases; diluted EPS from continuing operations fell to $1.08 from $1.19 prior year.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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Exhibit 99.1 view on EDGAR →
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Franchise-Level Margin fell to 37.4% from 39.3% prior year, driven by lower sales reducing rent and royalty revenue, fewer restaurants from closure program, and higher bad debt expense.
Exhibit 99.1 view on EDGAR → -
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Net 13 restaurant closures in Q3 (17 closed, 4 opened); updated guidance calls for ~2,100 restaurants by fiscal year-end including 50-60 closures under 'JACK on Track' program.
Exhibit 99.1 view on EDGAR → -
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Updated fiscal 2026 guidance: Adjusted EBITDA $225-230M, Franchise Level Margin ~$265M, Company-Owned Restaurant Level Margin ~16.5%, SG&A $112-115M; company notes limited visibility into closure timing.
Exhibit 99.1 view on EDGAR →
Summary
Jack in the Box reported third quarter fiscal 2026 results showing continued sales pressure and margin compression. Same-store sales declined 1.1% as transaction declines outweighed price increases, and diluted EPS from continuing operations fell 10% year-over-year to $1.08.
The company is executing a significant restructuring under its 'JACK on Track' program, closing 17 restaurants in the quarter against only 4 openings and guiding to 50-60 total closures for the fiscal year. Franchise economics are deteriorating: Franchise-Level Margin fell 190 basis points to 37.4%, driven by lower sales reducing rent and royalty revenue, the shrinking restaurant base, and higher bad debt expense.
The bad debt increase suggests some franchisees are under financial stress. The company completed a $500 million debt refinancing, issuing new notes with a 2031 anticipated repayment date to pay down near-term maturities, extending its debt maturity profile. Management updated fiscal 2026 guidance but acknowledged limited visibility into the timing of closures and real estate sales under the restructuring program. Investors should monitor whether the closure program stabilizes same-store sales trends and franchisee health, and whether the reduced restaurant base can support the company's debt service requirements.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Jack in the Box announced Q3 fiscal 2026 financial results via press release.
Added in current filing · verify on EDGAR →
On August 12, 2026, Jack in the Box Inc. issued a press release announcing its third quarter fiscal 2026 financial results and disclosing other information.
The company disclosed its third quarter fiscal 2026 financial results through a press release. The 8-K body does not provide specific financial metrics; those details are contained in the attached Exhibit 99.1 press release.
Event · Exhibit 99.1
Jack in the Box reported Q3 2026 results with same-store sales down 1.1%, diluted EPS from continuing operations of $1.08, and completed a $500M debt refinancing.
Added in current filing · view on EDGAR →
During the third quarter, the Company prepaid $110.0 million of its existing Series 2019-1 Class A-2-II Notes. The repayment was made using proceeds from withdrawing excess COLI funding as well as cash on hand. Additionally, during the third quarter, the Company completed the financing of $500 million of 2026-1 Class A-2 Notes, which have an anticipated repayment date of May 2031. As part of the refinancing transaction, the Company fully paid down the remainder of its 2019-1 Class A-2-II Notes which had an anticipated repayment date of August 2026, and also partially paid down its 2022-1 Class A-2-I Notes which have an anticipated repayment date of February 2027.
Jack in the Box completed a $500 million debt refinancing in the third quarter, issuing 2026-1 Class A-2 Notes with an anticipated repayment date of May 2031. The company also prepaid $110 million of the 2019-1 Notes using proceeds from withdrawing excess company-owned life insurance funding and cash on hand.
Added in current filing · view on EDGAR →
The Company updated its guidance. The below reflects updated expectations for the fiscal year ending September 27, 2026. •Jack in the Box Restaurant Count of approximately 2,100 ◦This includes approximately 25 new restaurant openings and approximately 50 to 60 closures, most of which will be franchise restaurants. •Company-Owned Restaurant Level Margin of approximately 16.5% ◦This includes mid-single-digit commodity inflation and low-single-digit wage inflation. •Franchise Level Margin of approximately $265 million ◦As the Company continues to execute its “JACK on Track” plan, which includes a block closure program and selling real estate, both of which influence Franchise Level Margin, visibility into timing is limited. •SG&A of $112 to $115 million ◦G&A, excluding selling and advertising and COLI, is expected to be approximately 2.3% of systemwide sales. •Adjusted EBITDA of $225 to $230 million
Jack in the Box updated its fiscal 2026 guidance, maintaining expectations for low single-digit same-store sales decline but adjusting several metrics. The company now expects approximately 2,100 restaurants (down from prior levels), Company-Owned Restaurant Level Margin of approximately 16.5%, Franchise Level Margin of approximately $265 million, SG&A of $112 to $115 million, and Adjusted EBITDA of $225 to $230 million. The company noted limited visibility into timing for the 'JACK on Track' closure program and real estate sales.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 13, 2026 · How we verify