Jack in the Box Sees FY20 Same-Store Sales Growth 1.5%-3.0%

System same-store sales growth of approximately 1.5 to 3.0 percent. Restaurant-Level Margin of approximately 25.0 percent of company restaurant sales, which includes expected commodity cost inflation of approximately

Benzinga · 11/20/2019 21:06
  • System same-store sales growth of approximately 1.5 to 3.0 percent.
  • Restaurant-Level Margin of approximately 25.0 percent of company restaurant sales, which includes expected commodity cost inflation of approximately 4.0 percent, and high-single-digit wage inflation.
  • SG&A as a percentage of revenues of approximately 8.0 to 8.5 percent.
  • G&A as a percentage of system-wide sales of approximately 1.7 to 1.9 percent.
  • Approximately 25 to 35 new restaurants opening system-wide, substantially all of which will be franchise locations.
  • Capital expenditures and tenant improvement allowances of approximately $45 to $55 million, collectively, excluding purchases of assets held for sale and leaseback.
  • Tax rate of approximately 26.0 to 27.0 percent, subject to fluctuations arising from the impact of excess tax benefits from share-based compensation arrangements.
  • Adjusted EBITDA of approximately $265 to $275 million.