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 reported a 1.8% increase in total revenues to $344.7 million for Q1 2022, with net earnings dropping to $39.3 million, down from $50.9 million a year prior. Systemwide sales grew 0.6%, driven by a 1.2% same-store sales increase, despite a 10.9% increase in wage inflation and 10.5% rise in commodity costs. The company signed 26 development agreements for 98 new restaurants, totaling 201 commitments, but experienced a net restaurant decline of 10. Diluted EPS was $1.85.
Jack in the Box Inc. (NASDAQ: JACK) announced the sale of $1.1 billion in Fixed Rate Senior Secured Notes through its Master Issuer subsidiary. This includes $550 million in Class A-2-I Notes with a 3.445% interest rate and $550 million in Class A-2-II Notes at 4.136%. Proceeds will be used to repay existing debt and partially fund the acquisition of Del Taco Restaurants, Inc. The Master Issuer also plans to issue up to $150 million in Variable Funding Senior Secured Notes. This transaction is part of a private securitization and does not involve public registration.
Jack in the Box Inc. (NASDAQ: JACK) announced a purchase agreement to issue $550 million in two series of Fixed Rate Senior Secured Notes and $150 million in Variable Funding Senior Secured Notes. The proceeds will be used to repay existing debt and fund part of the acquisition of Del Taco Restaurants, Inc. The Class A-2-I Notes and Class A-2-II Notes are set for repayment in February 2027 and February 2032, respectively. The closing of these sales is expected in February 2022, subject to conditions.
Jack in the Box Inc. (NASDAQ: JACK) announced plans to refinance part of its securitization debt through a new financing transaction. The refinancing includes issuing $1.25 billion in securitized notes, which will consist of $1.1 billion in senior secured fixed rate notes and $150 million in variable funding notes. Proceeds will repay the Series 2019-1 Class A-2-I Notes and fund the acquisition of Del Taco Restaurants, Inc. The offering is subject to market conditions and is expected to close in February 2022.
Jack in the Box (NASDAQ: JACK) has announced a virtual fireside chat hosted by Jefferies restaurant analyst Alex Slagle, featuring CEO Darin Harris and VP of Investor Relations Chris Brandon. The event is scheduled for Tuesday, Jan. 25, 2022, at 1:30 p.m. EDT. Investors can access the chat via a live webcast at investors.jackinthebox.com. Jack in the Box operates over 2,200 restaurants across the U.S. and Guam, specializing in a diverse menu including hamburgers.
Jack in the Box (NASDAQ: JACK) has announced a Q1 2022 Earnings Webcast scheduled for February 23, 10:30 a.m. EST. Investors can participate via a live webcast at investors.jackinthebox.com. This event will also be archived for later replay. Jack in the Box operates over 2,200 restaurants across the U.S. and Guam, making it one of the nation’s largest hamburger chains.
Jack in the Box (NASDAQ: JACK) announces a presentation and Q&A webcast regarding its acquisition of Del Taco. The event will feature CEO Darin Harris, CFO Tim Mullany, and VP of IR Chris Brandon, taking place on December 6 at 8:30 a.m. EDT. Interested parties can access the live webcast at investors.jackinthebox.com. The session will be archived for later viewing. Jack in the Box operates over 2,200 restaurants across 21 states and Guam.
Jack in the Box has announced its acquisition of Del Taco for $12.51 per share, valuing the transaction at approximately $575 million. This strategic move aims to combine two brands with complementary cultures and operating models, creating a stronger QSR entity. The merger is projected to enhance earnings per share (EPS) immediately, with significant synergy opportunities and targeted growth in the lucrative Mexican QSR market. Together, they will operate over 2,800 restaurants across 25 states.
Jack in the Box announced Q4 2021 results, showcasing systemwide sales growth of 8.6% and 13.1% for the fiscal year. The diluted EPS rose by 9.8% to $1.80 in Q4, totaling $7.37 for the year, despite a 1.0% decline in net units. Same-store sales were flat in Q4 but increased 10.3% annually. Management provided guidance for FY 2022, highlighting anticipated costs and expectations for restaurant level margins of 20-21%.
Jack in the Box has launched its inaugural "Jackletes" brand ambassador program, targeting collegiate athletes who share a variation of the name "Jack." Recognizing under-represented collegiate sports, the program includes 10 selected athletes from various universities, providing them with a $5,000 sponsorship and $500 in food credits. This initiative aims to forge deeper connections with college students and enhance brand visibility. By supporting athletes, Jack in the Box aims to tap into a new demographic while promoting its all-day menu and engaging with fans in innovative ways.
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