JACK on Nasdaq

Jack in the Box

Logo: Jack in the Box, Public domain, via Wikimedia Commons4

American fast-food restaurant chain

Jack in the Box, Inc. is an American fast food restaurant chain founded on February 21, 1951, by Robert O. Peterson in San Diego, California, where it is headquartered.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

$1.5BRevenue, fiscal 20255
-$80.7MNet income, fiscal 20255
1951Founded1

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  • TickerJACK on Nasdaq1
  • Industryrestaurant1
  • HeadquartersSan Diego1
  • Founded inSan Diego1
  • Websitewww.jackinthebox.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address9357 Spectrum Center Blvd, San Diego, Ca 92123-15166
  • Filer categoryLarge accelerated filer6
Jack in the Box Stockton, California 2
Photo: TaurusEmerald, CC BY-SA 4.0, via Wikimedia Commons8

Jack in the Box, Inc. is an American fast food restaurant chain founded on February 21, 1951, by Robert O. Peterson in San Diego, California, where it is headquartered. The chain has over 2,712 locations, primarily serving the West Coast of the United States. Restaurants are also found in large urban areas outside the West Coast, as well as two in Guam. The company also formerly operated the Qdoba Mexican Grill chain until Apollo Global Management bought the chain in December 2017.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-1.2%Operating margin5
-5.5%Net margin5
-6.7%Revenue growth, 20255
$74.1MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Restaurant Sales brought in 43% of the revenue Jack in the Box broke down this way in fiscal 2025.

  1. Restaurant Sales$627.3M543%down 12% from 2024
  2. Franchise$368.6M525%down 2% from 2024
  3. Royalty$222.0M515%down 4% from 2024
  4. Advertising$216.6M515%down 3% from 2024
  5. Technology Service$19.9M51%down 19% from 2024
  6. Franchise Fees$10.8M51%up 34% from 2024
Products and services by year
Products and services202320242025
Restaurant Sales$846.3M$709.0M$627.3M
Franchise$364.6M$375.4M$368.6M
Royalty$232.7M$230.1M$222.0M
Advertising$220.9M$224.2M$216.6M
Technology Service$20.0M$24.5M$19.9M
Franchise Fees$7.8M$8.1M$10.8M

Business segments

Jack In The Box Brand Restaurant Operations brought in 79% of the revenue Jack in the Box broke down this way in fiscal 2025.

  1. Jack In The Box Brand Restaurant Operations$1.2B579%down 4% from 2024
  2. Del Taco Restaurants, Inc.$311.3M521%down 17% from 2024
Business segments by year
Business segments202320242025
Jack In The Box Brand Restaurant Operations$1.2B$1.2B$1.2B
Del Taco Restaurants, Inc.$497.0M$373.9M$311.3M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin10¢$149.6M
  • Other costs88¢$1.3B
  • Income tax2¢$22.1M

Out of $1.5B in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending54¢$88.2M
  • Dividends paid10¢$16.6M
  • Share buybacks3¢$5.0M
  • Kept or used elsewhere32¢$52.5M

Out of $162.4M of cash from operations.5

Financial statements

Revenue9101112135$1.5B in 2025+68% since 2018
0$500.0M$1.0B$1.5B$2.0B2018: $869.7M$869.7M20182019: $950.1M$950.1M2019+9%2020: $1.0B$1.0B2020+8%2021: $1.1B$1.1B2021+12%2022: $1.5B$1.5B2022+28%2023: $1.7B$1.7B2023+15%2024: $1.6B$1.6B2024−7%2025: $1.5B$1.5B2025−7%
Operating income9101112135-$18.1M in 2025
-$100.0M0$100.0M$200.0M$300.0M2018: $233.4M$233.4M20182019: $202.2M$202.2M2019−13%2020: $230.6M$230.6M2020+14%2021: $289.9M$289.9M2021+26%2022: $248.3M$248.3M2022−14%2023: $278.8M$278.8M2023+12%2024: $82.5M$82.5M2024−70%2025: -$18.1M-$18.1M2025
Net income9101112135-$80.7M in 2025
-$100.0M0$100.0M$200.0M2018: $121.4M$121.4M20182019: $94.4M$94.4M2019−22%2020: $89.8M$89.8M2020−5%2021: $165.8M$165.8M2021+85%2022: $115.8M$115.8M2022−30%2023: $130.8M$130.8M2023+13%2024: -$36.7M-$36.7M20242025: -$80.7M-$80.7M2025+120%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-09-302024-09-302023-09-30
Revenues$1.5B$1.6B$1.7B
Food and packaging$171.1M$199.3M$250.8M
Payroll and employee benefits$222.2M$238.0M$274.6M
Occupancy and other$129.2M$139.3M$163.3M
Franchise occupancy expenses$254.4M$245.4M$229.6M
Franchise support and other costs$19.0M$17.3M$12.3M
Franchise advertising and other services expenses$243.6M$259.1M$253.5M
Selling, general, and administrative expenses$149.6M$143.2M$172.9M
Depreciation and amortization$58.3M$59.8M$62.3M
Pre-opening costs$7.3M$3.2M$1.4M
Impairment of goodwill and intangible assets$209.6M$162.6M$0
Other operating expense, net$22.4M$24.8M$10.8M
Gains on the sale of company-operated restaurants-$3.2M-$3.3M-$18.0M
Total operating costs and expenses$1.5B$1.5B$1.4B
(Loss) earnings from operations-$18.1M$82.5M$278.8M
Other pension and post-retirement expenses, net$5.8M$6.8M$7.0M
Interest expense, net$78.9M$80.0M$82.4M
(Loss) earnings before income taxes-$102.8M-$4.3M$189.3M
Income tax (benefit) expense-$22.1M$32.4M$58.5M
Net (loss) earnings-$80.7M-$36.7M$130.8M
Net earnings per share, Basic (in usd per share)-$4.24-$1.87$6.35
Net earnings per share, Diluted (in usd per share)-$4.24-$1.87$6.30
Cash dividends declared per common share (in usd per share)$0.88$1.76$1.76

Compare Jack in the Box with another company

The story

Founded by Robert Oscar Peterson in 1951, in San Diego.1

History

Robert O. Peterson already owned several successful restaurants when he opened Topsy's Drive-In at 6270 El Cajon Boulevard in San Diego in 1941. Several more Topsy's were opened. By the late 1940s, Peterson's locations had developed a circus-like décor featuring drawings of a starry-eyed clown.

In 1947, Peterson obtained rights for the intercom ordering concept from George Manos who owned one location named Chatterbox in Anchorage, Alaska, the first known location to use the intercom concept for drive-up windows.

In 1951, Peterson converted the El Cajon Boulevard location into Jack in the Box, a hamburger stand focused on drive-through service. While the drive-through concept was not new, Jack in the Box innovated a two-way intercom system, the first major chain to use an intercom and the first to focus on drive-through.

The intercom allowed much faster service than a traditional drive-up window; while one customer was being served at the window, a second and even a third customer's order could be taken and prepared. A giant clown projected from the roof, and a smaller clown head sat atop the intercom, where a sign said, "Pull forward, Jack will speak to you." The Jack in the Box restaurant was conceived as a "modern food machine," designed by La Jolla, California, master architect Russell Forester. Quick service made the new location very popular, and soon all of Oscar's locations were redesigned with intercoms and rechristened Jack in the Box restaurants.

Peterson formed Foodmaker, Inc. as a holding company for Jack in the Box in 1960. At this time, all Jack in the Box locations—over 180, mainly in California and the Southwest—were company owned. Location sites, food preparation, quality control, and the hiring and training of on-site managers and staff in each location were subject to rigorous screening and strict performance standards.

In 1968, Peterson sold Foodmaker to Ralston Purina Company. In the 1970s, Foodmaker led the Jack in the Box chain toward its most prolific growth (television commercials in the early 1970s featured child actor Rodney Allen Rippy) and began to franchise locations. The chain began to increasingly resemble its larger competitors, particularly industry giant McDonald's. Jack in the Box began to struggle in the latter part of the decade; its expansion into East Coast markets was cut back, then halted. By the end of the decade, Jack in the Box restaurants were sold in increasing numbers.

Around 1980, Foodmaker dramatically altered Jack in the Box's marketing strategy by literally blowing up the chain's symbol, the jack-in-the-box, in television commercials with the tagline, "The food is better at the Box". Jack in the Box announced that it would no longer compete for McDonald's target customer base of families with young children. Instead, Foodmaker targeted older, more affluent "yuppie" customers with a higher-quality, more upscale menu and a series of whimsical television commercials featuring Dan Gilvezan, who attempted to compare the new menu items to those of McDonald's and other fast-food chains, to no avail; hence "There's No Comparison", their slogan at the time. Jack in the Box restaurants were remodeled and redecorated with decorator pastel colors and hanging plants; the logo, containing a clown's head in a red box with the company name in red text to or below the box (signs in front of the restaurant displayed the clown's head only), was modified, stacking the words in a red diagonal box while still retaining the clown's head; by about 1981 or 1982, the clown's head was removed from the logo.

Television advertising from about 1985 onward featured minimalistic music by a small chamber-like ensemble (specifically a distinctive seven-note plucked musical signature). The menu, previously focused on hamburgers led by the flagship Jumbo Jack, became much more diverse, including salads, chicken sandwiches, finger foods, and seasoned Curly Fries (at least two new menu items were introduced per year), at a time when few fast-food operations offered more than standard hamburgers. Annual sales increased through the 1980s. Ralston Purina tried further to mature the restaurant's image, renaming it "Monterey Jack's" in late 1985. The name change was poorly received, and the Jack in the Box name was restored in early 1986.

Read the full text

After 18 years, Ralston Purina decided in 1985 that Foodmaker was a noncore asset and sold it to management. By 1987, sales reached $655 million, the chain boasted 897 restaurants, and Foodmaker became a publicly traded company.

At their annual meeting in July 2018, the National Jack in the Box Franchisee Association, which represented the owners of about 2,000 of the chain's 2,240 restaurants, voted "no confidence" in the company's chief executive officer, Leonard "Lenny" Comma, and called for him to resign. In December 2019, Comma said he would be stepping down.

On December 6, 2021, Jack in the Box announced that it was acquiring Del Taco for $12.51 per share. Del Taco had about 600 locations in 16 U.S. states. The acquisition was finalized in March 2022.

On October 16, 2025, Jack in the Box sold Del Taco to Yadav Enterprises for $115 million. The sale was finalized on December 22, 2025.

JBX Grill

JBX Grill was a line of fast casual restaurants introduced in 2004 by Jack in the Box Inc. They featured high-quality, cafe-style food, avoiding most of the cheaper fast-food items typically served at Jack in the Box. The architecture and decor maintained an upbeat, positive atmosphere, and the customer service was comparable to most dine-in restaurants. Two of the Jack in the Box restaurants in San Diego (where Jack in the Box is headquartered) were converted to JBX Grill restaurants to test the concept. (The locations in Hillcrest and Pacific Beach still retain many of the JBX elements, including an indoor/outdoor fireplace and modern architecture.) Also, restaurants were located in Bakersfield, California; Boise, Idaho; and Nampa, Idaho, but the concept later proved unsuccessful, and the last stores were reconverted to Jack in the Box in 2006.

1992–1993 E. coli scare and outbreak

In 1993, Jack in the Box suffered a major corporate crisis involving E. coli O157:H7 bacteria. Four children died of HUS. Another 600 were reported sick after eating undercooked patties contaminated with fecal material containing the bacteria at a location in Tacoma, Washington, and other parts of the Pacific Northwest.

The chain was faced with several lawsuits, each of which was quickly settled (but left the chain nearly bankrupt and losing customers). At the time, Washington state law required that hamburgers be cooked to an internal temperature of at least 155 °F (68 °C), the temperature necessary to kill E. coli bacteria, although the FDA requirement at that time was only 140 °F (60 °C), which was the temperature Jack in the Box cooked. After the incident, Jack in the Box mandated that in all nationwide locations, their hamburgers be cooked to at least 155 °F (68 °C).

From Wikipedia’s article on Jack in the Box, shared under CC BY-SA 4.0.7

Leadership

Who has led Jack in the Box, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (55)

Products and brands

  • hamburger

Listed on Wikidata.1

Products

Although best known for its hamburgers, Jack in the Box's most popular product is its taco, which it has sold since opening its first restaurant in the 1950s. As of 2017, the company sold 554 million tacos a year; they are manufactured in three factories in Texas and Kansas. What makes the taco unusual is that it is created with the meat and hard taco shell in the Texas and Kansas facilities, then frozen for transport and storage. At the restaurant, it is then deep-fried, then prepared with lettuce, cheese, and mild taco sauce before serving.

Besides tacos, other Americanized foods from ethnic cuisines that Jack in the Box offers include egg rolls, breakfast burritos, and jalapeño poppers. New items come in on a rotation every three to four months, including the Philly cheesesteak and the deli-style pannidos (deli trio, ham and turkey, zesty turkey), which were replaced by Jack's ciabatta burger and included the original ciabatta burger and the bacon 'n' cheese ciabatta. Jack in the Box also carries seasonal items such as pumpkin pie shakes, Oreo mint shakes, and eggnog shakes during the Thanksgiving and Christmas holidays. In some locations, local delicacies are a regular part of the menu. Locations in Hawaii, for example, include the Paniolo breakfast (Portuguese sausage, eggs, and rice platter) and teriyaki chicken and rice bowl. In the Southern United States, the company offers biscuits and sweet tea. In Imperial County, California, some locations sell date shakes, reflecting the crop's ubiquity in the region's farms. In the spring of 2007, Jack in the Box also introduced its sirloin burger and followed this up recently with the sirloin steak melt. Its more recent foray into the deli market was the less-popular Ultimate Club Sandwich, which was initially removed in Arizona due to poor sales and has since been phased out at all locations.

The Bonus Jack, first released in 1970, has been reintroduced to Jack in the Box menus at times throughout the years, still containing "Jack's secret sauce". In November 2009, the company discontinued its popular ciabatta sandwiches/burgers. In 2012, Jack in the Box introduced a bacon milkshake as part of its "Marry Bacon" campaign.

The Sourdough Jack, which uses two slices of sourdough bread with a hamburger patty, has been around since 1997 (although it was first introduced in 1991 as the "Sourdough Grilled Burger").

Read the full text

In September 2013, Jack's Munchie Meal was introduced. The 4 original Munchie Meals were Spicy Nacho Chicken Sandwich, Sriracha Curly Fry Burger, Stacked Grilled Cheeseburger, and Chick-n-Tater Melt. Each meal also contains two tacos, halfsie fries (curly fries and french fries), and a 20 oz. drink. In 2023, the items were replaced with a new Build Your Own Munchie Meal which now include an Ultimate Cheeseburger, Jack's Spicy Chicken Sandwich, Cluck Sandwich, and a Double Jack.

In October 2016, the "Brunchfast" items were introduced. Those are Bacon and Egg Chicken Sandwich, Blood Orange Fruit Cooler, Brunch Burger, Cranberry Orange Muffins, Homestyle Potatoes, and Southwest Scrambler Plate.

In January 2018, the "Food Truck Series" sandwiches were introduced, including the Asian Fried Chicken, Pork Belly BLT, and Prime Rib Cheesesteak.

In January 2023, Jack in the Box started selling Red Bull Infusions drinks at its locations.

In February 2023, Jack in the Box partnered with Mint Mobile and Ryan Reynolds. A minty version of the classic Oreo Shake was created and titled the "Mint Mobile Shake" to promote the mobile virtual network operator. A 15-second promotion video was featured on February 27, 2023, with Ryan Reynolds as the spokesperson.

The chain at various times has served a fish sandwich. The offering has returned for a limited time during the Lenten season since 2023.

Locations

In 2005, Jack in the Box announced plans for nationwide expansion by 2010. In support of this objective, the chain began airing ads in states several hundred miles from the nearest location. The expansion strategy at that time was targeted at Colorado, Delaware, Florida, and Texas. In 2007, the first new Colorado store opened in Golden, marking an end to Jack in the Box's 11-year-long absence from the state.

In Albuquerque, New Mexico, several locations opened in June 2009. Jack in the Box restaurants last made an appearance in the Albuquerque market about two decades prior.

In September 2010, 40 under-performing company-owned Jack in the Box restaurants located mostly in Texas and the Southeast were set to close.

In March 2011, Jack in the Box launched the Munchie Mobile in San Diego, a food truck that will serve Jack's burgers and fries. In June 2012, Jack in the Box launched their second food truck in the southeast region of the United States. Another truck was launched for the Northern Texas area in April 2013.

In January 2012, Jack in the Box opened its first of three locations in the Indianapolis area. A few months later, the first Ohio location opened in September 2012 in West Chester.

In May 2023, Jack in the Box showed interest in re-entering the Mexican market after a failed first attempt, when it briefly operated there in the early 1990s. In February 2024, Jack in the Box returned to Mexico, opening a location in Chihuahua City.

In July 2024, Jack in the Box announced plans to open several stores in the Chicago area in 2025. The chain previously operated in Chicago from the late 1960s until the 1980s. Eight locations, all in former Arby's, opened so far.

In 2024, Jack in the Box announced plans to expand into the Central Florida market, with franchise agreements for up to 20 locations in the Orlando area. Construction and permitting activity for multiple sites, including locations along John Young Parkway near The Mall at Millenia and in Lake Nona near Orlando International Airport, was reported in 2025. The chain opened its first Central Florida location in Longwood in February 2026, marking its return to the state after several decades.

In June 2026, all Jack in the Box locations in the greater Colorado Springs area closed, leaving no remaining operating stores listed in the region on the company's official locator. It was not immediately confirmed whether the local shutdowns were linked to the chain's "JACK on Track" restructuring plan announced in April 2025, which targeted 150 to 200 underperforming locations nationwide for closure through late 2025 and subsequent franchise agreement expirations.

From Wikipedia’s article on Jack in the Box, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Owners

Also owns

From Wikidata.1

Former names

  • JACK IN THE BOX INC /NEW/Dec 7, 1999 to Jan 27, 20226
  • FOODMAKER INC /DE/Feb 9, 1994 to May 26, 19996

Timeline

  1. May 14, 2026New chief executive Mark James King becomes CEO17
  2. Apr 7, 2025New chief executive Lance F. Tucker becomes CEO18
  3. Jun 16, 2020New chief executive Darin S. Harris becomes CEO19
  4. Mar 5, 2014New chief executive Leonard A. Comma becomes CEO20
  5. Mar 29, 2006New chief executive Linda Lang becomes CEO22
  6. Feb 27, 2006New chief executive Gary J. Beisler becomes CEO21
  7. 1951Founded Founded in San Diego1

Filings

496 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 61 major events, 342 insider forms, 31 large holders, 42 other. The latest 20:

  1. Oct 13, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  2. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  3. Sep 29, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  4. Sep 22, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  5. Sep 21, 2026SCHEDULE 13D/A EDGAR
  6. Sep 21, 20268-K EDGAR
  7. Sep 17, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  8. Sep 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  9. Aug 20, 20268-K EDGAR
  10. Aug 19, 2026144 EDGAR
  11. Aug 14, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  12. Aug 12, 202610-Q EDGAR
  13. Aug 12, 20268-K EDGAR
  14. Jul 21, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  15. Jul 7, 20268-K EDGAR
  16. Jun 23, 20268-K EDGAR
  17. Jun 18, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  18. Jun 15, 2026SCHEDULE 13D/A EDGAR
  19. Jun 15, 20268-K EDGAR
  20. Jun 8, 20268-K EDGAR

The 496 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 31 such filings since October 2021, the latest 10:

  1. Sep 21, 2026SCHEDULE 13D/A
  2. Jun 15, 2026SCHEDULE 13D/A
  3. May 15, 2026SCHEDULE 13G
  4. Mar 27, 2026SCHEDULE 13G/A
  5. Nov 18, 2025SCHEDULE 13D
  6. Nov 13, 2025SCHEDULE 13G/A
  7. Oct 30, 2025SCHEDULE 13G/A
  8. Oct 2, 2025SCHEDULE 13G/A
  9. Aug 14, 2025SCHEDULE 13G
  10. Aug 13, 2025SCHEDULE 13G

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Nantahala Capital Management, LLC3,457,318$54.7M1.7%+1,914,603
Callodine Capital Management, LP1,717,153$27.1M1.8%−43,317
Biglari Capital Corp.1,683,652$26.6M2.2%No change
BlackRock, Inc.1,342,305$21.2M0.0%+60,689
Bank Of America Corp /de/1,164,421$18.4M0.0%+541,642
Vanguard Capital Management LLC826,459$13.1M0.0%+9,814
Allianz Asset Management GmbH708,001$11.2M0.0%+201,604
Charles Schwab Investment Management Inc632,368$10.0M0.0%−63,708
Earnest Partners LLC552,367$8.7M0.0%+238,476
Geode Capital Management, LLC486,940$7.7M0.0%+66,188
Goldman Sachs Group Inc471,816$7.5M0.0%+373,524
IPG Investment Advisors LLC469,300$7.4M1.1%−66,996
UBS Group AG443,755$7.0M0.0%+365,161
Raymond James Financial Inc411,329$6.5M0.0%New
Two Sigma Investments, LP410,589$6.5M0.0%+353,191
State Street Corp393,498$6.2M0.0%+3,185
Jpmorgan Chase & Co366,056$6.1M0.0%+8,262
Manning & Napier Advisors LLC376,343$5.9M0.1%No change
Envestnet Asset Management Inc239,609$3.8M0.0%+118,105
Biglari, Sardar200,617$3.2M5.1%No change
Wells Fargo & Company/mn199,822$3.2M0.0%+86,124
Windward Management LP182,404$2.9M2.1%No change
Vanguard Portfolio Management LLC174,478$2.8M0.0%+4,706
Seven Six Capital Management, LLC164,600$2.6M2.4%−16,550
Northern Trust Corp154,275$2.4M0.0%+4,353

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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