<SEC-DOCUMENT>0001157523-19-001240.txt : 20190515
<SEC-HEADER>0001157523-19-001240.hdr.sgml : 20190515
<ACCEPTANCE-DATETIME>20190515161024
ACCESSION NUMBER:		0001157523-19-001240
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190515
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190515
DATE AS OF CHANGE:		20190515

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JACK IN THE BOX INC /NEW/
		CENTRAL INDEX KEY:			0000807882
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				952698708
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0929

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09390
		FILM NUMBER:		19828172

	BUSINESS ADDRESS:	
		STREET 1:		9330 BALBOA AVE
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92123-1516
		BUSINESS PHONE:		6195712121

	MAIL ADDRESS:	
		STREET 1:		9330 BALBOA AVENUE
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92123-1516

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FOODMAKER INC /DE/
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51985481.htm
<DESCRIPTION>JACK IN THE BOX INC. 8-K
<TEXT>
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      <br>
      <font style="font-size: 12pt; font-family: Times New Roman">UNITED STATES</font><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font><font style="font-family: Times New Roman"><br style="font-family: Times New Roman"></font><font style="font-size: 12pt; font-family: Times New Roman">Washington,
      D.C. 20549</font><font style="font-family: Times New Roman"><br style="font-family: Times New Roman"></font><font style="font-family: Times New Roman"><br style="font-family: Times New Roman"></font><font style="font-size: 12pt; font-family: Times New Roman">FORM
      8-K</font><font style="font-family: Times New Roman"><br style="font-family: Times New Roman"></font><font style="font-family: Times New Roman"><br style="font-family: Times New Roman"></font><font style="font-size: 12pt; font-family: Times New Roman">CURRENT
      REPORT</font><font style="font-family: Times New Roman"><br style="font-family: Times New Roman"></font><font style="font-size: 12pt">PURSUANT
      TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT</font><br><font style="font-size: 12pt">OF
      1934</font><font style="font-family: Times New Roman"><br style="font-family: Times New Roman"></font><font style="font-family: Times New Roman"><br style="font-family: Times New Roman"></font><font style="font-family: Times New Roman"><br style="font-family: Times New Roman"></font><font style="font-size: 12pt; font-family: Times New Roman">Date
      of Report (Date of earliest event reported):&#160;&#160;&#160;&#160;</font><u><font style="font-size: 12pt; font-family: Times New Roman">
      May 15, 2019</font></u><br><br>
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          &#160;
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        <td valign="top" style="width: 80%; padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 12pt">JACK IN THE BOX INC.</font>
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td valign="top" style="width: 80%; padding-left: 0.0px; text-align: center">
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            (Exact name of registrant as specified in its charter)
          </p>
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        <td style="width: 10%">

        </td>
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    <p style="text-align: center">
      <br>

    </p>
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        <td valign="top" style="width: 2%; padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="bottom" style="width: 32%; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            DELAWARE
          </p>
        </td>
        <td valign="top" style="width: 2%; padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="bottom" style="width: 30%; padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap">
          <p style="margin-bottom: 0px; margin-top: 0px">
            1-9390
          </p>
        </td>
        <td valign="top" style="width: 2%; padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="bottom" style="width: 32%; padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap">
          <p style="margin-bottom: 0px; margin-top: 0px">
            95-2698708
          </p>
        </td>
      </tr>
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        <td style="width: 2%">

        </td>
        <td valign="top" style="width: 32%; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or other jurisdiction
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            of incorporation)
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td valign="bottom" style="width: 30%; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission File
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Number)
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td valign="top" style="width: 32%; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (I.R.S. Employer Identification
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Number)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>

    </p>
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    <table cellspacing="0" style="width: 100%; font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman">
      <tr>
        <td style="width: 2%">
          &#160;
        </td>
        <td valign="bottom" style="width: 58%; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            9330 BALBOA AVENUE, SAN DIEGO, CA
          </p>
        </td>
        <td valign="bottom" style="width: 40%; padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap">
          <p style="margin-bottom: 0px; margin-top: 0px">
            92123
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 2%">

        </td>
        <td valign="bottom" style="width: 58%; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Address of principal executive offices)
          </p>
        </td>
        <td valign="bottom" style="width: 40%; padding-left: 0.0px; text-align: center">
          (Zip Code)
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <u><font style="font-size: 10pt; font-family: Times New Roman">(858)
      571-2121</font></u><font style="font-family: Times New Roman"><br style="font-family: Times New Roman"></font><font style="font-family: Times New Roman">(</font><font style="font-size: 10pt; font-family: Times New Roman">Registrant&#8217;s
      telephone number, including area code)</font><font style="font-family: Times New Roman"><br style="font-family: Times New Roman"></font><br><u>Securities
      registered pursuant to Section 12(b) of the Act:</u>
    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="width: 80%; font-size: 10pt; margin-left:auto;margin-right:auto; margin-bottom: 10.0px; font-family: Times New Roman">
      <tr>
        <td valign="top" style="width: 30%; padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Title of each class</u>
          </p>
        </td>
        <td valign="top" style="width: 30%; padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Trading Symbol(s)</u>
          </p>
        </td>
        <td valign="top" style="width: 40%; padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Name of each exchange on which registered</u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 30%; padding-left: 0.0px; text-align: center">
          Common Stock
        </td>
        <td valign="top" style="width: 30%; padding-left: 0.0px; text-align: center">
          JACK
        </td>
        <td valign="top" style="width: 40%; padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            The NASDAQ Stock Market LLC
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            (NASDAQ Global Select Market)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <font style="font-family: Times New Roman"><br style="font-family: Times New Roman">
      </font><u>Not Applicable</u><br><font style="font-size: 10pt; font-family: Times New Roman">(Former
      Name or Former Address, if Changed Since Last Report)</font>
    </p>
    <p style="text-align: left">
      <font style="font-family: Times New Roman"><br style="font-family: Times New Roman">
      </font><font style="font-size: 10pt; font-family: Times New Roman">Check
      the appropriate box below if the Form 8-K is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the
      following provisions </font><font style="font-family: Times New Roman">(see
      General Instruction A.2. below)</font><font style="font-size: 10pt; font-family: Times New Roman">:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-family: Times New Roman">
      </font><font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-family: Times New Roman">
      </font><font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-family: Times New Roman">
      </font><font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-family: Times New Roman">
      </font><font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405
      of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).
    </p>
    <p>
      Emerging growth company&#160;&#160;<font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <p>
      If an emerging growth company, indicate by check mark if the registrant
      has elected not to use the extended transition period for complying with
      any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act.&#160;&#160;<font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <div style="width: 100%; margin-bottom: 10pt; margin-right: 0pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="white-space: nowrap">
      <b>Item 2.02&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Results of Operations and Financial Condition. </b>
    </p>
    <p>
      On May 15, 2019, Jack in the Box Inc. (the &#8220;Company&#8221;) issued a press
      release reaffiming long-term guidance reflecting the impact of the
      revenue recognition accounting standard that the Company adopted in
      fiscal 2019.
    </p>
    <p>
      A copy of the press release dated May 15, 2019 is being furnished
      herewith as Exhibit 99.1 to this Current Report and is incorporated by
      reference in its entirety.
    </p>
    <p style="white-space: nowrap">
      <b>Item 8.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Current Events.</b>
    </p>
    <p>
      On May 15, 2019, the Company issued a press release announcing the
      Company&#8217;s conclusion of its review of strategic and financing
      alternatives, and its plans to pursue a new capital structure in the
      form of a securitization.&#160;&#160;
    </p>
    <p>
      A copy of the press release dated May 15, 2019 is being furnished
      herewith as Exhibit 99.1 to this Current Report and is incorporated by
      reference in its entirety.
    </p>
    <p>
      <b>Item 9.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Financial Statements and Exhibits.</b>
    </p>
    <p>
      (d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Exhibits
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman">
      <tr>
        <td valign="bottom" style="width: 10%; border-bottom-style: solid; border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt">
          <b>Exhibit No.</b>
        </td>
        <td style="width: 1%">
          &#160;
        </td>
        <td valign="bottom" style="width: 89%; border-bottom-style: solid; border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt">
          <b>Title</b>
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td style="width: 1%">

        </td>
        <td style="width: 89%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 10%; padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap">
          99.1
        </td>
        <td style="width: 1%">

        </td>
        <td valign="top" style="width: 89%; padding-left: 0.0px; text-align: left">
          Press Release of Jack in the Box Inc. dated May 15, 2019
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="width: 100%; margin-bottom: 10pt; margin-right: 0pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b>SIGNATURE</b>
    </p>
    <p style="font-size: 10pt; font-family: Times New Roman; text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
    <p style="text-align: left">
      <br>
      Date: May 15, 2019
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman">
      <tr>
        <td valign="top" style="width: 50%; padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>JACK IN THE BOX INC.</b>
          </p>
        </td>
        <td style="width: 27%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 3%">

        </td>
        <td valign="top" style="width: 20%; padding-left: 0.0px; text-align: left">

        </td>
        <td style="width: 27%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 3%">

        </td>
        <td valign="top" style="width: 20%; padding-left: 0.0px; text-align: left">

        </td>
        <td style="width: 27%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td valign="top" style="width: 3%; padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            By:
          </p>
        </td>
        <td valign="top" style="width: 20%; border-bottom-style: solid; border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Lance Tucker
          </p>
        </td>
        <td style="width: 27%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Lance Tucker
          </p>
        </td>
        <td style="width: 27%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Executive Vice President
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Chief Financial Officer
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Principal Financial Officer)
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Duly Authorized Signatory)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; margin-bottom: 10pt; margin-right: 0pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b>EXHIBIT INDEX</b>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman">
      <tr>
        <td valign="bottom" style="width: 10%; border-bottom-style: solid; border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt">
          <b>Exhibit No.</b>
        </td>
        <td valign="top" style="width: 1%; padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="bottom" style="width: 89%; border-bottom-style: solid; border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt">
          <b>Title</b>
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td style="width: 1%">

        </td>
        <td style="width: 89%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 10%; padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <a href="a51985481ex99_1.htm">99.1</a>
          </p>
        </td>
        <td style="width: 1%">

        </td>
        <td valign="top" style="width: 89%; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <a href="a51985481ex99_1.htm">Press Release of Jack in the Box
            Inc. dated May 15, 2019</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
  </body>
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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51985481ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Jack in
      the Box Inc. Concludes Review of Strategic and Financing Alternatives;
      Announces Plans to Pursue Securitization; Reaffirms Long-Term Guidance</b></font>
    </p>
    <p>
      SAN DIEGO--(BUSINESS WIRE)--May 15, 2019--Jack in the Box Inc. (NASDAQ:
      JACK) today announced that it intends to implement a new capital
      structure in the form of a securitization.
    </p>
    <p>
      <b>STRATEGIC AND FINANCING ALTERNATIVES</b>
    </p>
    <p>
      The decision to pursue a securitization represents the conclusion of the
      company&#8217;s previously announced exploration of a range of strategic and
      financing alternatives to maximize shareholder value. The company&#8217;s
      Board of Directors and management team, with the support of legal and
      financial advisors, conducted a robust and wide-ranging process, which
      included contacting a broad range of potential strategic and financial
      buyers, both domestic and international. Simultaneously, the company
      explored various financing alternatives, and the Board and management
      team have concluded that implementing a new capital structure in the
      form of a securitization is the best alternative for driving shareholder
      value at this time.
    </p>
    <p>
      &#8220;With this evaluation behind us, we are dedicated to moving the Jack in
      the Box brand forward. The Board of Directors unanimously and
      wholeheartedly supports chairman and chief executive officer Lenny Comma
      and the entire management team as we collectively pursue a strategic
      plan focused on value creation as a standalone company,&#8221; said David
      Goebel, lead director of the Board.
    </p>
    <p>
      <b>SECURITIZATION</b>
    </p>
    <p>
      The company intends to replace its existing senior credit facility,
      which includes a term loan and revolving credit facility, with a
      securitization. The net proceeds of the new facility would be used for
      repayment of the existing credit facility, transaction costs associated
      with the refinancing, and general corporate purposes, including the
      return of cash to shareholders.
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    <p>
      Following the completion of the securitization, the company intends to
      resume share repurchases through open market transactions, a potential
      accelerated share repurchase program, or a combination thereof, with a
      target leverage ratio of approximately 5.0 times EBITDA.
    </p>
    <p>
      There can be no assurance regarding the timing of a refinancing
      transaction, the interest rate at which the company&#8217;s existing
      indebtedness would be refinanced, or that a refinancing transaction will
      be completed.
    </p>
    <p>
      <b>REAFFIRMS LONG-TERM GUIDANCE (THROUGH FISCAL 2022)</b>
    </p>
    <p>
      This release includes forward-looking guidance for certain non-GAAP
      financial measures, including Restaurant-Level Margin, Adjusted EBITDA
      and free cash flow, which the company defines as cash flow from
      operations (including tenant improvement allowances) less capital
      expenditures. The company believes free cash flow is an important
      liquidity measure for investors because it communicates how much cash
      flow is available for working capital needs or to be used for
      repurchasing shares, paying dividends, repaying or refinancing debt, or
      other uses of cash. The company is unable without unreasonable effort to
      provide reconciliations of these forward-looking non-GAAP measures.
    </p>
    <p>
      The guidance below has been updated to reflect the impact of the revenue
      recognition accounting standard that was adopted in fiscal 2019, but
      does not reflect the new lease accounting standard that will be adopted
      in fiscal 2020.
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    <ul>
      <li style="margin-bottom: 10.0px">
        System-wide sales of approximately $4 billion in fiscal 2022, driven
        by low single-digit increases in both annual same-store sales and
        system-wide unit growth.
      </li>
      <li style="margin-bottom: 10.0px">
        Restaurant-Level Margin of approximately 25.0 to 27.0 percent of
        company restaurant sales, depending on same-store sales, and labor and
        commodity inflation.
      </li>
      <li style="margin-bottom: 10.0px">
        G&amp;A as a percentage of system-wide sales declining steadily to
        approximately 1.7 percent beginning in fiscal 2021, which reflects the
        new revenue recognition standards, or 1.9 percent using the prior
        methodology.
      </li>
      <li style="margin-bottom: 10.0px">
        Adjusted EBITDA growing to approximately $300 million in fiscal 2022.
      </li>
      <li style="margin-bottom: 10.0px">
        Following implementation of a new capital structure, the company
        expects to increase its leverage ratio to approximately 5.0 times
        EBITDA.
      </li>
      <li style="margin-bottom: 10.0px">
        Tax rate of approximately 26.0 percent, subject to fluctuations
        arising from the impact of excess tax benefits from share-based
        compensation arrangements.
      </li>
    </ul>
    <ul>
      <li style="margin-bottom: 10.0px">
        Recurring capital expenditures of approximately $20 to 25 million per
        year, including technology and equipment investments. In addition,
        capital expenditures of approximately $10 to $15 million per year in
        fiscal 2019 through fiscal 2021 for drive-thru enhancements and
        remodels at company restaurants.
      </li>
      <li style="margin-bottom: 10.0px">
        Tenant improvement allowances of approximately $25 to $35 million per
        year in fiscal 2019 through fiscal 2021.
      </li>
      <li style="margin-bottom: 10.0px">
        Free cash flow growing to approximately $175 million in 2022.
      </li>
      <li style="margin-bottom: 10.0px">
        The company expects to return more than $1 billion to shareholders
        beginning in the fourth quarter of fiscal 2018 through fiscal 2022, in
        the form of share repurchases and dividends.
      </li>
    </ul>
    <p>
      <b>About Jack in the Box Inc.</b>
    </p>
    <p>
      Jack in the Box Inc. (NASDAQ: JACK), based in San Diego, is a restaurant
      company that operates and franchises Jack in the Box&#174; restaurants, one
      of the nation&#8217;s largest hamburger chains, with more than 2,200
      restaurants in 21 states and Guam. For more information on Jack in the
      Box, including franchising opportunities, visit <u>www.jackinthebox.com</u>.
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    <p>
      <b>Safe Harbor Statement</b>
    </p>
    <p>
      This press release contains forward-looking statements within the
      meaning of the federal securities laws. Forward-looking statements may
      be identified by words such as &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221;
      &#8220;expect,&#8221; &#8220;forecast,&#8221; &#8220;goals,&#8221; &#8220;guidance,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;project,&#8221;
      &#8220;may,&#8221; &#8220;will,&#8221; &#8220;would&#8221; and similar expressions. These statements are
      based on management&#8217;s current expectations, estimates, forecasts and
      projections about our business and the industry in which we operate.
      These estimates and assumptions involve known and unknown risks,
      uncertainties, and other factors that are in some cases beyond our
      control. Factors that may cause our actual results to differ materially
      from any forward-looking statements include, but are not limited to: the
      success of new products, marketing initiatives and restaurant remodels
      and drive-thru enhancements; the impact of competition, unemployment,
      trends in consumer spending patterns and commodity costs; the company&#8217;s
      ability to reduce G&amp;A and operate efficiently; the company&#8217;s ability to
      achieve and manage its planned growth, which is affected by the
      availability of a sufficient number of suitable new restaurant sites,
      the performance of new restaurants, risks relating to expansion into new
      markets and successful franchisee development; litigation risks; risks
      associated with disagreements with franchisees; supply chain disruption;
      food-safety incidents or negative publicity impacting the reputation of
      the company&#8217;s brand; the company&#8217;s ability to obtain additional
      financing and increase its debt leverage; and stock market volatility.
      These and other factors are discussed in the company&#8217;s annual report on
      Form 10-K and its periodic reports on Form 10-Q filed with the
      Securities and Exchange Commission, which are available online at <u>http://investors.jackinthebox.com</u>
      or in hard copy upon request. The company undertakes no obligation to
      update or revise any forward-looking statement, whether as the result of
      new information or otherwise.
    </p>
    <p style="text-align: center">

    </p>
    <p>
      CONTACT:<br><b>Investor Contact:</b><br>Carol DiRaimo, (858) 571-2407
    </p>
    <p>
      <b>Media Contact:</b><br>Brian Luscomb, (858) 571-2291
    </p>
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