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) reported third-quarter results for Jack and Del Taco segments, with same-store sales declining by 0.6% at Jack and increasing by 3.5% at Del Taco. Systemwide sales fell 1.4% for Jack, while Del Taco saw a 3.3% increase. The company is focusing on future growth with 62 development agreements for 220 new restaurants. Restaurant-Level Margin decreased to 15.8%, impacted by rising costs. Earnings per share were reported at $1.08, while total revenues surged 47.8% to $398.3 million, though net earnings declined to $22.9 million.
Jack in the Box Inc. (NASDAQ: JACK) has promoted Chad Gretzema, previously COO of Del Taco, to Brand President of Del Taco, succeeding John Cappasola. Gretzema has been with Del Taco since 2012 and played a significant role in driving eight consecutive years of positive franchise same-store sales. Jack in the Box CEO Darin Harris expressed confidence in Gretzema's leadership and strategic vision to enhance growth across both brands, leveraging shared services and best practices.
Jack in the Box (NASDAQ: JACK) has brought back popular menu items, Spicy Chicken Strips and French Toast Sticks, announced by former employee Mark Hamill. These items are available for a limited time at restaurants nationwide, on the app, and through delivery services. The Spicy Chicken Strips feature new sauce flavors, priced from $5. French Toast Sticks return after a decade, available in 3-pc or 6-pc packs, starting at $2.00. A limited-edition comic book recounting Hamill's story at Jack in the Box will be available for free starting August 11.
Del Taco has announced the launch of several new products and promotions, emphasizing affordability amidst rising inflation. Starting July 28, fans can enjoy NEW Queso Crunchtadas® and a NEW Strawberry Piñata Shake made with M&M'S® Candies. A limited-time BOGO offer on Crispy Chicken Tacos will also run from July 24 to July 31, 2022, available through the Del Yeah!™ Rewards app. The 20 Under $2 Menu features items like the $1.49 Crispy Chicken Tacos, reflecting Del Taco's commitment to value and quality.
Jack in the Box (NASDAQ: JACK) will host a Q3 2022 Earnings Webcast on August 10 at 1:00 p.m. EDT. This event will follow the release of Q3 earnings before the market opens on the same day. Investors can access the live webcast through the company's investor relations website at investors.jackinthebox.com. The earnings release will provide key financial metrics for the quarter, impacting stakeholders’ assessments of company performance.
Jack in the Box (NASDAQ: JACK) introduces its latest limited-time offerings, including the Girl Scout Adventurefuls™ Caramel Brownie Shake, combining vanilla shake with brownie pieces, and the new Grilled Chicken Sandwich featuring 100% grilled chicken. Additionally, the Mega Munchie Box is launched, packed with favorites like Curly Fries and Chicken Nuggets, available exclusively to DashPass members. These new menu items aim to enhance customer experience and drive traffic during the summer season.
Jack in the Box (NASDAQ: JACK) has announced its participation in several upcoming investor events, aiming to engage with the market and provide insights into its operations.
Key dates include the RBC Capital Markets Global Consumer and Retail Conference in Boston on June 1, the Goldman Sachs Travel and Leisure Conference on June 6 in New York City, and the Stifel Cross Sector Insight Conference on June 9 in Boston, among others.
For further information, visit the investor relations page.
Jack in the Box reported a 0.1% increase in systemwide sales and -0.8% same-store sales for Q2 2022, impacted by inflation and Omicron-related challenges. Del Taco achieved a 2.9% rise in systemwide sales and 2.5% same-store sales. Net earnings fell to $7.8 million from $35.9 million year-over-year. Adjusted EBITDA decreased to $64.4 million. The company revised FY 2022 EPS guidance to $5.80 to $6.10 and expects same-store sales growth for Jack in the Box to remain flat to +1.0%. A cash dividend of $0.44 per share is set for June 22, 2022.
Jack in the Box has partnered with Jolt to implement a digital food safety solutions platform across its 2,200+ locations. The decision was made after evaluating multiple vendors, highlighting Jolt's capability to enhance monitoring and compliance with food safety protocols. This collaboration aims to streamline food safety checks, daily location checklists, and employee training, thereby reinforcing Jack in the Box's commitment to food quality and customer satisfaction. The rollout of Jolt's platform is set for this year, underlining Jack in the Box's continuous improvement strategy.
Jack in the Box has partnered with Miso Robotics to pilot the integration of Flippy 2 and Sippy in its San Diego location, aiming to boost efficiency and enhance the customer experience. Amid staffing challenges, this collaboration seeks to modernize back-of-house operations by leveraging AI and robotics. Tony Darden, COO of Jack in the Box, expressed confidence in the technology's potential to improve operations and employee comfort. Miso Robotics, with over 18,000 shareholders and a valuation of $500 million, focuses on transforming the restaurant industry through automation.
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