What was the net (loss) earnings for Del Taco in the fiscal year 2024?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
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| Fiscal Year | ||||||
|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||||
| Cash flows from operating activities: | ||||||
| Net (loss) earnings | (36,695) | $ | 130,826 | $ | 115,781 | |
| Adjustments to reconcile net (loss) earnings to net cash provided by operating activities | ||||||
| Depreciation and amortization | 59,776 | 62,287 | 56,100 | |||
| Amortization of franchise tenant improvement allowances and incentives | 4,998 | 4,647 | 4,446 | |||
| Deferred finance cost amortization | 4,830 | 5,040 | 5,496 | |||
| Loss on extinguishment of debt | _ | _ | 7,700 | |||
| Excess tax deficiency from share-based compensation arrangements | 51 | 71 | 123 | |||
| Deferred income taxes | (10,812) | (11,989) | 7,85 | |||
| Share-based compensation expense | 13,471 | 11,205 | 7,122 | |||
| Pension and postretirement expense | 6,843 | 6,967 | 30: | |||
| (Gains) losses on cash surrender value of company-owned life insurance | (16,480) | (7,346) | 12,66 | |||
| Gains on the sale of company-operated restaurants | (3,255) | (17,998) | (3,87 | |||
| Gains on acquisition of restaurants | (2,702) | _ | _ | |||
| Losses (gains) on the disposition of property and equipment, net | 185 | (8,171) | (30,53) | |||
| Impairment charges and other |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, the net (loss) earnings for the fiscal year 2024 were ($36,695). This figure is part of the consolidated financial statements for Jack in the Box Inc., which includes Del Taco. The fiscal year for 2024 ended on September 29, 2024.
This net loss indicates that Del Taco's expenses and costs exceeded its revenues during this period. For a prospective franchisee, this information is crucial as it provides insight into the brand's overall financial health and profitability. A significant loss could raise concerns about the stability and future prospects of the franchise system.
It is important to note that this figure is part of the broader Jack in the Box Inc. financial statements. While the revenues by segment show positive earnings from operations for Del Taco restaurant operations, the net loss includes other factors such as depreciation, amortization, and other corporate expenses. A potential franchisee should investigate further to understand the specific factors contributing to the net loss and how Del Taco plans to address them.
Prospective franchisees should also compare these figures with previous years to identify trends and assess whether the financial performance is improving or declining. Additionally, they should inquire about the specific strategies Del Taco is implementing to improve profitability and ensure long-term financial stability.