Jack in the Box reports $506.51m total revenues in H1 2019

16th May 2019 (Last Updated May 16th, 2019 16:52)

US-based fast-food chain Jack in the Box has reported total revenues of $506.51m for its first half (H1) of 2019 ending 14 April, compared to the previous year’s $504.23m.

Jack in the Box reports $506.51m total revenues in H1 2019
Jack in the Box reports total revenues of $506.51m for H1 2019. Credit: Coolcaesar at en.wikipedia.

US-based fast-food chain Jack in the Box has reported a total revenue of $506.51m for its first half (H1) of 2019 ending 14 April, compared to the previous year of $504.23m.

Adjusted EBITDA on non-GAAP basis was $144.24m for the first half of the year, compared to $145.77m during the same period last year.

The restaurant company also reported net earnings (GAAP) of $59.18m for the first half of 2019, compared to $59.79m in 2018.

System sales of the restaurant chain were $1.860bn for H1 2019, compared to $1.868bn for the same period last year.

Jack in the Box chairman and CEO Lenny Comma said: “Our greater emphasis on bundled value in the second quarter resulted in a sequential improvement in traffic and sales without sacrificing restaurant margins.

“We’re pleased that this momentum has accelerated through the first four weeks of our third quarter as same-store sales have increased by more than 2%.

“Our guests are responding favourably to our promotional line-up which leverages our strategy around compelling value bundles, including both new product innovation as well as guest favourites, without devaluing our core menu items.

“Our long-term goals are centered around meeting evolving consumer needs, with emphasis on improving operations consistency and targeted investments designed to maximise our returns.

“We remain focused on balancing the interests of all our stakeholders, including our franchisees, customers, employees and shareholders.”

In addition, the US fast-food chain has reported total revenues of $215.72m for its second quarter ending 14 April 2019, compared to the previous year’s $209.77m.

Jack in the Box system same-store sales increased by 0.2% for the quarter and company same-store sales increased by 0.6%.