Jack in the Box Inc. (NASDAQ:JACK) (the "Company") today announced it has repaid $105 million of the Company's existing Series 2019-1 4.476% Fixed Rate Senior Secured Notes, Class A-2-II. The repayment was made in connection with the Company's ongoing prioritization of debt reduction as part of its "JACK on Track" plan.

"This debt repayment reflects the meaningful progress we continue to make toward strengthening our balance sheet and positioning the Company for sustainable growth under ‘JACK on Track,'" said Lance Tucker, Chief Executive Officer of Jack in the Box Inc. "Our efforts to improve long-term financial performance, accelerate cash flow, and simplify our company while preserving growth-oriented capital investments are working, and we remain committed to executing against these strategic priorities to deliver value for our shareholders."

The Company plans to continue to pay down debt through a combination of cash on hand and targeted real estate sales.

About Jack in the Box Inc.

Jack in the Box Inc. (NASDAQ:JACK), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box®, one of the nation's largest hamburger chains with approximately 2,135 restaurants across 21 states.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements may be identified by words such as "anticipate," "believe," "estimate," "expect," "forecast," "goals," "guidance," "intend," "plan," "project," "may," "will," "would" and similar expressions. These statements are based on management's current expectations, estimates, forecasts and projections about our business and the industry in which we operate. These estimates and assumptions involve known and unknown risks, uncertainties, and other factors that are in some cases beyond our control. Factors that may cause our actual results to differ materially from any forward-looking statements include, but are not limited to: the success of new products, marketing initiatives and restaurant remodels and drive-thru enhancements; the impact of competition, unemployment, trends in consumer spending patterns and commodity costs; the Company's ability to achieve and manage its planned growth, which is affected by the availability of a sufficient number of suitable new restaurant sites, the performance of new restaurants, risks relating to expansion into new markets and successful franchise development; the ability to attract, train and retain top-performing personnel, litigation risks; risks associated with disagreements with franchisees; supply chain disruption; food-safety incidents or negative publicity impacting the reputation of the Company's brand; increased regulatory and legal complexities, risks associated with the amount and terms of the securitized debt issued by certain of our wholly owned subsidiaries; and stock market volatility. These and other factors are discussed in the Company's annual report on Form 10-K and its periodic reports on Form 10-Q filed with the Securities and Exchange Commission, which are available online at http://investors.jackinthebox.com or in hard copy upon request. The Company undertakes no obligation to update or revise any forward-looking statement, whether as the result of new information or otherwise.

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Rachel Webb

Vice President, Investor Relations

rachel.webb@jackinthebox.com

858.522.4556