Welcome to our dedicated page for Jack in the Box news (Ticker: JACK), a resource for investors and traders seeking the latest updates and insights on Jack in the Box stock.
Jack in the Box Inc. (NASDAQ: JACK) is a prominent restaurant company headquartered in San Diego, California. Known for its extensive network of more than 2,200 Jack in the Box® restaurants across 21 states and Guam, the company has established itself as one of the nation’s largest hamburger chains. In addition to its flagship brand, Jack in the Box Inc. operates and franchises QDOBA Mexican Eats®, a leader in the fast-casual dining sector with over 600 restaurants in 47 states, the District of Columbia, and Canada.
Jack in the Box's diverse menu includes an array of hamburgers, tacos, fries (both regular and curly), specialty sandwiches, salads, and ice cream shakes, offering customization options to cater to individual tastes. The company also provides catering and delivery services, ensuring convenience for its customers.
The company operates through two primary segments: Jack in the Box and Del Taco. The latter is known for its Fresh Flex design and commitment to high-quality, freshly prepared Mexican and American cuisine. Del Taco's menu features tacos, Epic Burritos®, quesadillas, and Del Taco's famous Crinkle-Cut fries, among other items, with a focus on delivering fresh ingredients and innovative dining experiences.
Recent Achievements and Developments:
- Jack in the Box continues to innovate its offerings to meet evolving consumer preferences. Notable recent introductions include the Buttery Jack and the OREO cookie ice cream shake.
- The company's mission to make the world a more delicious place extends to its corporate culture, encouraging employees to explore new menu items and develop their careers through targeted goals and skill development.
- Del Taco has recently expanded its Fresh Flex restaurant design to new locations, providing an elevated brand experience with features like double drive-thru lanes and third-party pick-up stations.
- Del Taco’s Opelika location now serves as a model for the brand's innovative design and enhanced customer experience, offering extended hours and a value-oriented menu.
Jack in the Box Inc. remains dedicated to providing high-quality food and exceptional service, maintaining its position as a significant player in the quick-service and fast-casual restaurant industries.
Jack in the Box (NASDAQ: JACK) announced a strategic leadership restructure where Tony Darden, SVP and Chief Operating Officer, will leave his position. Ryan Ostrom, currently EVP and Chief Marketing & Digital Officer, will assume responsibility for Jack Operations in addition to his current role, becoming Chief Customer & Digital Officer effective December 6, 2024. Ostrom, who joined in February 2021, has led the digital transformation of both Jack in the Box and Del Taco brands. In his expanded role, he will focus on building brand loyalty, driving operations excellence, and fostering team alignment.
Jack in the Box (NASDAQ: JACK) announces '24 Days of Jackmas' promotion, offering daily free food items with minimum $1 purchase through the Jack App from December 1st to December 24th. The weekly schedule includes: free onion rings on Sundays, Jumbo Jacks on Mondays, two tacos on Tuesdays, Noggy or Nice Shake on Wednesdays, Jr. Chicken Sandwich on Thursdays, fries on Fridays, and 4-piece chicken nuggets on Saturdays. Additionally, customers can get $1 Coke Fountain Drinks daily throughout the promotion.
Jack in the Box (NASDAQ: JACK) has announced a new five-unit development agreement in Detroit, Michigan, expanding its Midwest presence. This follows previous plans to open five locations in West Michigan and over 20 restaurants in Chicagoland. The Detroit expansion will be led by franchise operators Maan Almansour and Andi Kareem. The company currently operates approximately 2,200 locations nationwide and has seen success in recent market openings in Salt Lake City and Louisville. The new Detroit locations will offer dine-in, drive-thru, and mobile ordering options.
Jack in the Box Inc. reported Q4 2024 financial results showing declining same-store sales for both brands. Jack in the Box same-store sales decreased 2.1% in Q4 and 1.3% for FY 2024, while Del Taco saw decreases of 3.9% in Q4 and 1.5% for FY 2024. Total revenues declined 6.2% to $349.3 million. Despite sales challenges, the company achieved significant growth milestones, with Jack in the Box opening 30 restaurants in FY 2024, the highest since 2012. Del Taco refranchised 47 restaurants and is now nearly 80% franchised. The company provided FY 2025 guidance with Operating EPS expected at $5.05-$5.45 and Adjusted EBITDA of $288-$303 million.
Del Taco has expanded its carne asada menu with the introduction of a NEW Chipotle Carne Asada Steak Burrito. Starting at $2.99, the enhanced menu features various carne asada options including Epic Burritos®, loaded fries, and street tacos. The new chipotle burrito weighs over half a pound and includes freshly grilled carne asada steak, slow-cooked beans, cilantro lime rice, chipotle sauce, and sour cream. Additionally, Del Taco is launching two -time beverages: the NEW Dirty Del (Dr Pepper® with vanilla and lime) and bringing back the Birthday Cake Shake.
Jack in the Box introduces the Sourdough Smashed Jack, a new variant of their successful smashed-patty burger line. The original Smashed Jack, launched a year ago, achieved remarkable success with 70,000 units sold on day one and became their most successful burger launch in six years. The company has sold 3.5M Classic Smashed Jacks and 6.5M Bacon Double Smashed Jacks since launch. The new Sourdough version features a ¼ lb smashed patty with American cheese, pickles, grilled onions, and Boss Sauce on toasted sourdough bread, available for a time.
Jack in the Box (NASDAQ: JACK) launches its -time 'Noggy or Nice' holiday menu nationwide. The seasonal offerings include eggnog-flavored beverages - a Noggy or Nice Shake and Sweet Cream Iced Coffee, both featuring Biscoff® cookie crumbs. The menu introduces Birria Tiny Tacos starting at $4.00 for Classic and $5.00 for Sauced & Loaded versions. Additionally, the company debuts Biscoff® Donut Holes for $1.50 and a new $5 Big Deal Breakfast Meal featuring a Breakfast Jack, French Toast Sticks, and hash brown, available all day.
Jack in the Box (NASDAQ: JACK) announces the return of Lance Tucker as Chief Financial Officer, effective January 13, 2025. Tucker, currently CFO at Davidson Hospitality Group, previously served as Jack in the Box's CFO from March 2018 to July 2020, where he implemented the company's securitization and drove shareholder value. He also held CFO positions at CKE Restaurants and Papa John's International. In his role, Tucker will oversee financial strategy, planning, and operations, working closely with the executive team to maintain agility in the fast-food sector while strengthening relationships with franchisees.
Jack in the Box Inc. (NASDAQ: JACK) has announced its upcoming Q4 and Full-Year 2024 Earnings Webcast. The event is scheduled for Wednesday, November 20 at 5 p.m. EST. Investors and interested parties can access the live webcast through the company's investor relations website at investors.jackinthebox.com. The Q4 2024 Earnings Release will be issued after market close on the same day.
For those unable to attend the live event, the webcast will be archived on the Jack in the Box investor relations website for later viewing. Chris Brandon, vice president of investor relations, is available for any inquiries at 619.902.0269.
Jack in the Box Inc. (NASDAQ: JACK) has announced the resignation of EVP and Chief Financial Officer Brian Scott, who will be leaving the company on November 20th to pursue a position outside the restaurant industry. Dawn Hooper, the current Senior Vice President and Controller with 24 years of experience at Jack in the Box, will take over as interim CFO and principal financial officer starting November 1st.
CEO Darin Harris expressed gratitude for Scott's contributions and commitment to finding an excellent financial leader to support the company's ongoing transformation and ambitions for both the Jack in the Box and Del Taco brands. Scott, in turn, thanked the leadership team and expressed confidence in the brands' ability to achieve their strategic goals and deliver long-term shareholder value.
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