What was the reported Del Taco segment profit in 2022?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
The following table provides information related to our operating segments in each period (in thousands):
| 2024 | 2023 | 2022 | |||
|---|---|---|---|---|---|
| Revenues by segment: | |||||
| Jack in the Box restaurant operations | $ | 1,197,420 | $ | 1,195,311 | $ 1,151,188 |
| Del Taco restaurant operations | 373,886 | 496,995 | 316,895 | ||
| Consolidated revenues | $ | 1,571,306 | $ | 1,692,306 | $ 1,468,083 |
| Segment profit reconciliation: | |||||
| Jack in the Box segment profit | $ | 362,377 | $ | 381,171 | $ 383,794 |
| Del Taco segment profit | 28,968 | 45,730 | 62,353 | ||
| Shared services | (77,138) | (87,862) | (107,730) | ||
| $ | 314,207 | $ | 339,039 | $ 338,417 | |
| Depreciation and amortization | 59,776 | 62,287 | 56,100 | ||
| Acquisition, integration and strategic initiatives | 15,631 | 9,112 | 20,081 | ||
| Share-based compensation | 13,471 | 11,205 | 7,122 | ||
| Net COLI (gains) losses | (14,390) | (5,953) | 9,911 | ||
| Goodwill impairment | 162,624 | ||||
| Gains on the sale of company-operated restaurants | (3,255) | (17,998) | (3,878) | ||
| Gains on acquisition |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, the Del Taco segment profit for 2022 was $62,353. This figure is part of the segment profit reconciliation, which also includes data for Jack in the Box segment profit and shared services. This profit reflects the financial performance of the Del Taco brand as a segment of the overall company.
Segment profit is a key indicator of the financial health and operational efficiency of the Del Taco business. It represents the earnings specifically attributable to the Del Taco segment, without factoring in shared services or other corporate-level expenses. For a prospective franchisee, this number provides insight into the profitability of the Del Taco brand relative to its revenue.
It's important to note that segment profit can be influenced by various factors, including revenue, cost of goods sold, operating expenses, and market conditions. Additionally, the FDD includes a note that the company utilizes a shared-services model, and the brand's results of operations are assessed separately and do not include costs related to certain corporate functions which support both brands. Reviewing trends in segment profit over multiple years, as presented in the table, can offer a more comprehensive understanding of the brand's financial trajectory.
Prospective franchisees should consider this segment profit in conjunction with other financial data provided in the FDD, such as revenue, expenses, and capital expenditure requirements, to assess the overall investment opportunity and potential return on investment. Additionally, it is advisable to discuss the factors contributing to the segment profit with the franchisor to gain a deeper understanding of the brand's financial dynamics.