What were the net earnings for Del Taco for the period ending January 21, 2024?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
llowances and other, and amortization of cloud-computing costs. Amounts in fiscal year 2024 have been adjusted to reflect the current presentation.
The following table provides information related to our operating segments in each period (in thousands):
| Sixteen Weeks Ended | ||||
|---|---|---|---|---|
| January 19, 2025 | January 21, 2024 | |||
| Revenues by segment: | ||||
| Jack in the Box restaurant operations | $ | 371,064 | $ | 368,340 |
| Del Taco restaurant operations | 98,374 | 119,158 | ||
| Consolidated revenues | $ | 469,438 | $ | 487,498 |
| Segment profit reconciliation: | ||||
| Jack in the Box segment profit | $ | 115,963 | $ | 119,097 |
| Del Taco segment profit | 9,326 | 12,763 | ||
| Shared services and unallocated costs | (28,045) | (30,076) | ||
| Total segment profit | $ | 97,244 | $ | 101,784 |
| Depreciation and amortization | 18,270 | 18,473 | ||
| Other operating expense, net | 3,519 | 5,170 | ||
| Net COLI losses (gains) | 1,391 | (4,834) | ||
| (Gains) losses on the sale of company-operated restaurants | (2,806) | 254 | ||
| Amortization of favorable and unfav |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, for the sixteen weeks ended January 21, 2024, the Del Taco segment profit was $12,763,000. After accounting for shared services and unallocated costs, depreciation and amortization, other operating expenses, net COLI losses (gains), gains/losses on the sale of company-operated restaurants, amortization of favorable and unfavorable leases and subleases, net, amortization of franchise tenant improvement allowances and other, and amortization of cloud-computing costs, the earnings from operations totaled $79,480,000.
It is important to note that segment profit does not represent net earnings. Segment profit is calculated before considering several factors, including shared services and unallocated costs, depreciation and amortization, and other operating expenses. These additional expenses significantly impact the final earnings from operations figure.
Prospective franchisees should consider these financial results in the context of the overall financial health of Del Taco and its parent company, Jack in the Box Inc. Understanding the difference between segment profit and earnings from operations is crucial for assessing the true profitability of the Del Taco segment. Reviewing the complete financial statements and notes can provide a more comprehensive understanding of the company's financial performance.