Inflation ImpactMargin visibility through the next few years is limited, with anticipated labor and commodity inflation impacting financial performance.
Margin PressureJIB's California exposure, where outsized wage growth has exacerbated total inflation, has led to higher margin contraction and accelerated unit closures.
Sales PerformanceJack reported F4Q same store sales of -7.4%, which trailed the -6% consensus and the -7% estimate.