Exhibit 99.1


January 22, 2003

Contact:          Karen Bachmann, 858/571-2229
                  Vice President, Corporate Communications
Email:            karen.bachmann@jackinthebox.com
Web site:         www.jackinthebox.com

     Jack in the Box Inc. Obtains New Financing

     SAN DIEGO - Jack in the Box Inc.  (NYSE:  JBX),  operator and franchiser of
Jack in the Box restaurants,  today announced the closing of a new $350 million
senior credit facility arranged and underwritten by Wachovia Securities.

     The new financing  comprises a $200 million  revolving credit facility over
three years with an initial  rate of LIBOR + 2.25  percent,  and a $150  million
term  loan to be  amortized  over 4.5 years at an  initial  rate of LIBOR + 3.25
percent. It replaces a $175 million revolving credit facility,  which was due to
expire March 31.

     The new financing will be used for general  corporate  purposes,  including
letters of credit, working capital, capital expenditures,  costs associated with
the company's  recent  acquisition of Qdoba  Restaurant  Corp., and to refinance
existing  indebtedness.  The company  recently  obtained  senior  secured credit
ratings of BB+ and Ba2 from Standard and Poor's and Moody's, respectively.

     Other banks involved as lead agents were Fleet National Bank, U.S. Bancorp,
Rabobank, and BNP Paribas.

     Founded in 1951,  Jack in the Box is among the nation's  leading  fast-food
hamburger chains. The company operates or franchises more than 1,860 quick-serve
restaurants in 17 states. For more financial information,  visit the "Investors"
section of the company's Web site, www.jackinthebox.com.

     This news release contains  forward-looking  statements about,  among other
items,  the  company's  projected  use of funds,  refinancing  and costs.  These
forward-looking   statements  are  subject  to  risks  and  uncertainties.   The
statements reflect management's  current  expectations  regarding future events.
Factors that could cause the company's actual results to differ  materially from
those  expressed  in the  forward-looking  statements  may be found  in  company
documents on file with the Securities and Exchange Commission.

     Statements  about  the  company's  past  performance  are  not  necessarily
indicative  of its future  results.  The company  undertakes  no  obligation  to
publish, update or revise any forward-looking  statement,  whether as the result
of new information, future events or otherwise.

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