JACK IN THE BOX INC
For the period ended Sep 29, 2024. Filed Nov 21, 2024.
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FY2024 · Filed Nov 21, 2024
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Item 2. Properties
The following table sets forth information about our restaurant locations (by segment, by state) for all restaurants in operation as of September 29, 2024:
| Del Taco | Jack in the Box | |||||
|---|---|---|---|---|---|---|
| Company-Operated | Franchise | Total | Company-Operated | Franchise | Total | |
| Alabama | — | 2 | 2 | — | — | — |
| Arizona | — | 39 | 39 | 5 | 173 | 178 |
| California | 111 | 244 | 355 | 98 | 848 | 946 |
| Colorado | — | 19 | 19 | — | 18 | 18 |
| Florida | 3 | 10 | 13 | — | — | — |
| Georgia | — | 23 | 23 | — | — | — |
| Hawaii | — | — | — | — | 29 | 29 |
| Idaho | — | 12 | 12 | — | 33 | 33 |
| Illinois | — | — | — | 2 | 11 | 13 |
| Indiana | — | — | — | — | 3 | 3 |
| Kansas | — | — | — | 5 | — | 5 |
| Kentucky | — | — | — | 2 | — | 2 |
| Louisiana | — | — | — | — | 16 | 16 |
| Michigan | 9 | 1 | 10 | — | — | — |
| Mississippi | — | 1 | 1 | — | — | — |
| Missouri | — | — | — | 3 | 34 | 37 |
| Nevada | — | 44 | 44 | — | 79 | 79 |
| New Mexico | — | 13 | 13 | — | 8 | 8 |
| North Carolina | — | — | — | — | 18 | 18 |
| Ohio | — | 2 | 2 | — | 2 | 2 |
| Oklahoma | 10 | — | 10 | 8 | 7 | 15 |
| Oregon | — | 8 | 8 | — | 41 | 41 |
| South Carolina | — | — | — | — | 8 | 8 |
| Tennessee | — | — | — | — | 4 | 4 |
| Texas | — | — | — | 23 | 559 | 582 |
| Utah | — | 36 | 36 | 4 | 8 | 12 |
| Virginia | — | 1 | 1 | — | — | — |
| Washington | — | 6 | 6 | — | 138 | 138 |
| Guam | — | — | — | — | 2 | 2 |
| Mexico | — | — | — | — | 2 | 2 |
| 133 | 461 | 594 | 150 | 2,041 | 2,191 | |
Of the total 594 Del Taco and 2,191 Jack in the Box restaurants, our interest in restaurant properties consists of the following:
| Del Taco | Jack in the Box | |||||
|---|---|---|---|---|---|---|
| Company-Operated | Franchise | Total | Company-Operated | Franchise | Total | |
| Company-owned restaurant buildings: | ||||||
| On company-owned land | 1 | — | 1 | 11 | 172 | 183 |
| On leased land | 31 | 40 | 71 | 54 | 532 | 586 |
| Subtotal | 32 | 40 | 72 | 65 | 704 | 769 |
| Company-leased restaurant buildings on leased land | 101 | 156 | 257 | 85 | 971 | 1,056 |
| Franchise directly-owned or directly-leased restaurant buildings | — | 265 | 265 | — | 366 | 366 |
| Total restaurant buildings | 133 | 461 | 594 | 150 | 2,041 | 2,191 |
Our restaurant leases generally provide for fixed rental payments (with cost-of-living index adjustments) plus real estate taxes, insurance, and other expenses. For Jack in the Box, approximately 13% of the leases provide for contingent rental payments between 1% and 10% of the restaurant’s gross sales once certain thresholds are met. For Del Taco, approximately 37% of the leases provide for contingent rental payments between 2% and 12% of the restaurant’s gross sales once certain thresholds are met. We have generally been able to renew our restaurant leases as they expire at then-current market rates.
In addition to the restaurant locations, we own our corporate headquarters located in San Diego, California, which consists of approximately 70,000 square feet and approximately four acres of undeveloped land directly adjacent to it. We also lease an office, consisting of approximately 40,000 square feet in Lake Forest, California.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.