The combination of a significant EPS miss, lowered guidance, and sudden CEO departure is a strong bearish signal. Monitor upcoming store closures under the JACK on Track plan and the CEO search; debt refinancing efforts (August 2026 and February 2027 maturities) are key catalysts. Avoid until signs of same-store sales stabilization.
Price Chart
Executive Summary
Jack in the Box reported Q2 2026 earnings with revenue of $254.3M (-4.3% YoY) and diluted EPS of $0.65, missing consensus estimates of $0.74 EPS and $256.6M revenue. Same-store sales fell 3.8%, and guidance was lowered to a low-single-digit same-store sales decline for fiscal 2026. Simultaneously, CEO Lance Tucker departed, replaced by interim CEO Mark King, adding leadership uncertainty.
Key Financial Metrics
Key Facts
- Q2 2026 revenue $254.3M, down 4.3% YoY from $265.7M
- Diluted EPS from continuing ops $0.65, down 40% YoY from $1.09
- Operating EPS (non-GAAP) $0.76, down from $1.25 YoY
- System same-store sales -3.8% (company -2.8%, franchise -3.9%)
- Restaurant-Level Margin fell to 16.4% from 19.6% YoY
- Adjusted EBITDA $51.3M, down from $61.5M YoY
- Guidance lowered: now expects 'low single digit' same-store sales decline vs. fiscal 2025 (prior -1% to +1%)
- CEO Lance Tucker departed; Mark King appointed interim CEO
- No share repurchases in Q2; $175M remaining on buyback authorization
- Company plans to prepay ~$99M of notes in Q3 using COLI funding
Financial Impact
Revenue miss of ~$2.3M (0.9%) and EPS miss of $0.09 (12.2%); continued margin compression with Restaurant-Level Margin down 320 bps.
Risk Factors
- Continued negative same-store sales trajectory and margin erosion
- High debt load with ~$1.59B long-term debt and upcoming maturities
- Execution risk under interim CEO and ongoing strategic restructuring
- Potential franchisee closures and real estate sale delays impacting franchise margin
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000807882-26-000066 |
| Exhibit: ex992-pressreleasexceoanno.htm | 0000807882-26-000066 |
| Document: jack-20260508.htm | 0000807882-26-000066 |
| Document: 0000807882-26-000066-index-headers.html | 0000807882-26-000066 |
| Document: 0000807882-26-000066-index.html | 0000807882-26-000066 |
| Document: 0000807882-26-000066.txt | 0000807882-26-000066 |
| 8-K Data (Synthetic) | 0000807882-26-000066 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 20, 2026 9w ago | 8-K | $16.60 $15.90 | ▼ −4.22% | ▼ −5.33% | $11.27 (−32.11%) |
Jul 7, 2026 16w ago | 8-K | $14.42 $15.20 | ▲ +5.41% | ▲ +4.55% | $11.27 (−21.84%) |
Jun 23, 2026 18w ago | 8-K | $13.35 $17.41 | ▲ +30.41% | ▲ +28.70% | $11.27 (−15.58%) |
Jun 15, 2026 19w ago | 8-K | $12.92 $11.41 | ▼ −11.69% | ▼ −10.30% | $11.27 (−12.77%) |
Jun 11, 2026 19w ago | Institutional Cluster | $12.44 $12.40 | ▲ +0.32% | ▲ +0.76% | $11.27 (+9.41%) |
Jun 8, 2026 20w ago | 8-K | $11.58 $12.92 | ▲ +11.57% | ▲ +9.46% | $11.27 (−2.68%) |
May 29, 2026 21w ago | 8-K | $12.45 $11.95 | ▼ −4.02% | ▼ −3.72% | $11.27 (−9.48%) |
May 13, 2026 23w ago | 8-K | $10.98 $11.35 | ▼ −3.37% | ▼ −4.09% | $11.27 (−2.64%) |
May 4, 2026 25w ago | Insider Cluster | $12.05 $13.40 | ▲ +11.20% | ▲ +8.27% | $11.27 (−6.47%) |
May 4, 2026 25w ago | Insider Cluster | $12.05 $13.40 | ▲ +11.20% | ▲ +8.27% | $11.27 (−6.47%) |
US Market Status
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