Jack in the Box Partners with SiteZeus for advanced location intelligence

Rhea-AI Summary

Jack in the Box (NASDAQ: JACK) has partnered with SiteZeus to enhance its site-selection and market analysis capabilities. This collaboration aims to leverage SiteZeus' AI-powered location intelligence tools for better market planning, enabling Jack in the Box to make data-driven decisions regarding portfolio expansion and optimization.

The partnership will utilize advanced solutions such as real-time insights and white-space analysis, allowing Jack in the Box to identify promising new market opportunities and optimize growth strategies in existing markets, thereby enhancing its competitive edge.

Positive

• Partnership with SiteZeus leverages AI for enhanced site-selection and market analysis.
• Utilization of real-time insights and white-space analysis supports strategic expansion.
• The collaboration aims to optimize growth strategies and improve competitive positioning.

Negative

• None.

TAMPA, Fla., Jan. 24, 2023 /PRNewswire/ -- Jack in the Box, a leading QSR concept, and SiteZeus, an A.I.-powered location intelligence platform, recently announced a partnership designed to bring cutting-edge technology to the restaurant brand's site-selection and market-analysis process.

Data-driven decisions

The partnership came from SiteZeus' comprehensive solutions suite and Jack in the Box's need for a more robust market-planning tool. With ample data, real-time insights, white-space analysis, sales forecasting, and more, SiteZeus will support the brand's agile approach to portfolio expansion and optimization.

"The key selling points for us were the speed with which SiteZeus was able to create and validate a model and the ability to update that model as often as we'd like," says Jason Scarbrough, Lead Financial Analyst at Jack in the Box.

Jack in the Box sees an opportunity to expand its footprint by strategically entering new markets and pursuing infill growth in core markets. The brand's real estate team is implementing SiteZeus' white-space analysis solution to identify areas across the country where consumers are most likely to visit a Jack in the Box restaurant.

"SiteZeus' white-space analysis will help us prioritize growth opportunities and quickly enable us to guide franchisees toward the best opportunities," says Tim Linderman, SVP, Chief Development Officer.

The accuracy of A.I.

The team is also using the software's data modeling to better understand the factors driving each store's success and develop regional strategies. The platform's sales forecasts have helped the brand quickly pinpoint promising sites to outpace competitors in the fight for prime real estate.

"SiteZeus allows us to focus on strategic growth in new and existing markets by harnessing all the power that A.I has to offer," says Linderman.

About SiteZeus

SiteZeus is a location intelligence company using fast, accurate predictive models to help emerging and established multi-unit brands enhance their market planning. Companies across multiple industries utilize the platform to confidently expand and optimize their portfolios for maximum revenue.

SiteZeus combines a brand's store-level information with leading third-party data sets to offer sales forecasting, white-space analysis, sales and closure impact studies, portfolio optimization, and territory management. The company is now applying the same data-driven approach to help marketing teams uncover hidden opportunities and more effectively target customers and prospects through real-time customer segmentation.

For more information on how SiteZeus can help your company grow, contact info@sitezeus.com.

About Jack in the Box

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 more than 2,180 restaurants across 21 states, and Del Taco^®, the second largest Mexican American QSR chain by units in the United States, with approximately 600 restaurants across 15 states. For more information on both brands, including franchising opportunities, visit www.jackinthebox.com and www.deltaco.com.

Media contact: Katie Driggers | kdriggers@sitezeus.com | 337-258-233

View original content to download multimedia:https://www.prnewswire.com/news-releases/jack-in-the-box-partners-with-sitezeus-for-advanced-location-intelligence-301728249.html

SOURCE SITEZEUS

FAQ

What is the recent partnership announcement between Jack in the Box and SiteZeus?

Jack in the Box has partnered with SiteZeus to enhance its market analysis and site-selection process using advanced AI tools.

How will the partnership with SiteZeus benefit Jack in the Box?

The partnership will provide real-time insights and white-space analysis, aiding in strategic market expansion and optimization efforts.

What technology is Jack in the Box utilizing from SiteZeus?

Jack in the Box is utilizing SiteZeus' AI-powered location intelligence platform to improve data-driven decision-making in market planning.

When was the partnership with SiteZeus announced?

The partnership was announced on January 24, 2023.