Jack In The Box 2006 Annual Report Download - page 4

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DEAR SHAREHOLDERS:
Jack does indeed have good reason to smile. Jack in the Box Inc. generated record
results in fiscal 2006, with earnings of $108 million on revenues of nearly $2.8 billion.
Market cap increased 75 percent to nearly $1.9 billion at year end as shares of JBX
stock soared to record highs in September.
During the year we experienced significant improvement in several key areas of operation,
notably a 4.8 percent same-store sales increase at Jack in the Box company restaurants –
an improvement that was driven by increases in both average check and transactions.
Our Qdoba Mexican Grill concept also continued to perform well during the year, adding
to earnings while growing system same-store sales by 5.9 percent.
This strong performance is largely due to our success in executing the key initiatives
of our long-term strategic plan, which are to profitably grow the company, reinvent
the Jack in the Box brand, and expand franchising. On the pages that follow, I’ll discuss
our progress on these initiatives.
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Linda A. Lang,
Chairman and
Chief Executive Officer
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