SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 12, 2003
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JACK IN THE BOX INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 1-9390 95-2698708
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(State of Incorporation) (Commission File (I.R.S. Employer
Number) Identification Number)
9330 BALBOA AVENUE, SAN DIEGO, CA 92123
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (858) 571-2121
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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ITEM 7(c) Exhibits. The following exhibits are filed with this report.
Number Description
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99.1 Press release issued November 12, 2003
ITEM 12. Disclosure of Results of Operations and Financial Condition
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On November 12, 2003, Jack in the Box Inc. issued a press release
announcing the company's fourth-quarter and fiscal-2003 results. The press
release is furnished as Exhibit 99 hereto and incorporated herein by
reference.
In the attached press release, Jack in the Box Inc. has provided both
earnings per diluted share before unusual items and earnings from
operations before unusual items, in addition to earnings per diluted share
and earnings from operations determined in accordance with generally
accepted accounting principles (GAAP). The unusual items were the
following: 1) a charge of $2.6 million, or $1.7 million after tax, related
to lease-assumption obligations on five sites arising from the recent
bankruptcy of the Chi-Chi's restaurant chain, previously owned by Jack in
the Box Inc., 2) a charge of $9.3 million, or $6.1 million after tax,
related to a legal settlement, and 3) a charge of $6.4 million, or $4.3
million after tax, related to store closures. Use of these non-GAAP
measures facilitates comparisons to prior-period financial results and to
the results of the company's competitors. Earnings per diluted share before
unusual items and earnings from operations before unusual items should not
be considered a substitute for earnings per diluted share and earnings from
operations determined in accordance with GAAP. Each of these unusual items
is included in SG&A expense and, accordingly, Jack in the Box Inc. has also
provided SG&A expense rate before the above-described unusual items for the
same reasons and purposes.
Jack in the Box Inc. will conduct a conference call on November 12, 2003 at
8:30 a.m. PT to review Jack in the Box Inc. fourth-quarter and fiscal-2003
results. Investors can hear this conference call live by visiting the Jack
in the Box home page at www.jackinthebox.com. Access the Jack in the Box
home page at least 15 minutes prior to the call in order to download and
install any necessary audio software. Investors can hear replays of the
conference call by visiting www.jackinthebox.com and clicking on the
conference call link.
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SIGNATURES
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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.
JACK IN THE BOX INC.
By: JOHN F. HOFFNER
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John F. Hoffner
Executive Vice President
Chief Financial Officer
(Principal Financial Officer)
(Duly Authorized Signatory)
Date: November 12, 2003
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