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.
Del Taco has launched a new collaboration with Boston Beer Company, introducing Beer Battered Crispy Fish Tacos featuring award-winning Samuel Adams Boston Lager. The tacos include wild-caught Alaska Pollock fillets coated in crispy beer batter, served with fresh toppings and new sauce options. These products align with Del Taco's Better Mex brand promise, emphasizing fresh ingredients and quality. Additionally, the popular Purple Pear Poppers have returned, offering a unique fruit flavor experience. Del Taco operates approximately 600 restaurants across 15 states, serving over 3 million guests weekly.
Jack in the Box (NASDAQ: JACK) has signed 14 new restaurant commitments, marking its entry into Florida and Arkansas. This expansion is significant as it reintroduces the brand to Florida after over 30 years and enters Arkansas for the first time. Jonathan Peralta, a franchisee from Orlando, expressed enthusiasm for the brand's growth potential. The recent agreements follow a 37-store development deal, highlighting the appeal of the Jack in the Box franchise system. Experienced multi-unit franchise operators are leading the new expansions, bringing local market knowledge to this growth phase.
Jack in the Box Inc. (NASDAQ: JACK) reported strong first-quarter results, with same-store sales up 7.8% and systemwide sales increasing by 7.9%. Notably, the diluted EPS reached $2.54, while operating EPS stood at $2.01. The company opened 6 new restaurants and closed 1, marking a positive net restaurant increase. Franchise-level margins improved to 44.4%, driven by increased revenues and lower bad debt expenses. Del Taco also showed growth, with same-store sales up 3.0%. The company is embarking on new restaurant developments in Florida and Arkansas, aiming for sustained growth in 2023.
Jack in the Box Inc. (NASDAQ: JACK) has introduced exciting new menu items, including the Mint Mobile Shake, Popcorn Chicken, and Fish Sandwiches, available for a limited time across its restaurants nationwide. The Mint Mobile Shake, priced from $4.89, features Oreo® cookie pieces and mint topping. The returning Popcorn Chicken is available in Classic, Spicy, or a mixed option, with combos starting at $6.99. The Fish Sandwiches offer crispy options starting at $3.99. Additionally, the new Mega Munchies Box serves friends with favorites from $20. All items can be ordered through the Jack app and website.
Build-A-Bear Workshop (NYSE: BBW) announced that CEO Sharon Price John's latest book, Stories & Heart, has reached the Amazon Best Seller List for Business Mentoring and Coaching shortly after its launch on February 16, 2023. The book has generated over 500 million media impressions. It provides insights and tools for personal development through storytelling, focusing on themes like goal setting and values. In addition to the book, a podcast series showcasing influential guests is also part of the project. The company has pledged $25,000 to the Build-A-Bear Foundation to honor the book's launch.
Del Taco has announced the return of its popular Crispy Jumbo Shrimp menu items, available starting February 16, 2023. The highlight of this launch is the new Buttery Garlic Parmesan sauce, featured in an array of new offerings such as the Buttery Garlic Parmesan Crispy Jumbo Shrimp Taco and Buttery Garlic Parmesan Fries. Customers can enjoy limited-time promotions including two for $6 Mix & Match Crispy Jumbo Shrimp Tacos. Del Taco aims to delight seafood enthusiasts with this flavorful menu expansion while maintaining its commitment to quality ingredients. As the second-largest Mexican quick service restaurant, Del Taco serves over 3 million guests weekly across approximately 600 locations.
Del Taco has opened a new location in Marion, Ohio, expanding its presence in the Columbus metro area. The restaurant, located at 1207 Mt. Vernon Avenue, serves a diverse menu of Mexican and American favorites and is open for breakfast and late-night drive-through. Del Taco aims to provide high-quality, fresh food with ingredients like grilled chicken and carne asada steak. The chain features a '20 Under $2' value menu, highlighting its commitment to affordability. Founded in 1964, Del Taco operates around 600 restaurants across 15 states, attracting over three million customers weekly.
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.
Jack in the Box Inc. (NASDAQ: JACK) will host a Q1 2023 Earnings Webcast on March 1 at 11:00 a.m. EST. This follows the announcement of the earnings release prior to market open on the same day. The webcast will be accessible on the company’s investor relations site and will remain archived for later viewing. This event marks a slight date change from what was previously shared at the 2023 ICR Conference. Founded in San Diego, California, Jack in the Box operates over 2,180 locations and is accompanied by its brand, Del Taco, which has around 600 locations.
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