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 Inc. (NASDAQ: JACK) has awarded 23 development agreements in 2021, with plans to open 111 new restaurants in existing and new markets including Los Angeles, Dallas, and Salt Lake City. In Q4 alone, seven agreements will lead to 47 new locations. The brand reported a 14% year-over-year same-store sales increase and introduced an off-premise-only restaurant prototype designed to reduce development costs by up to 23%. This expansion aims to meet the growing demand from franchisees and strengthen Jack's market presence.
Jack in the Box (NASDAQ: JACK) will host a Management & Franchisee Q&A on Tuesday, December 14 at 2:00 p.m. EDT. This event, open to the public, will feature insights from key executives including CEO Darin Harris, CFO Tim Mullany, and others. It will be conducted via a live webcast and will last for 90 minutes. Participants can access the event on the Jack in the Box investor relations website. The session will also be archived for later viewing.
Jack in the Box (NASDAQ: JACK) has partnered with Impossible Foods to test its plant-based burger patty from October 18 to December 12, 2021 at select locations in Phoenix. Customers can substitute an Impossible Burger patty for $1 or $1.50 extra on core menu items, including popular burgers. This initiative aims to cater to the growing demand for plant-based options, as over 80% of QSR guests seek such alternatives. The Impossible Burger features 0mg cholesterol and is designed to appeal to flexitarians while maintaining the flavor of traditional burgers.
Jack in the Box has appointed Doug Cook as Senior Vice President and Chief Technology Officer, bringing over 20 years of foodservice experience. Previously serving as interim CTO, Cook's previous roles include Chief Information Officer at Pizza Hut and over 20 years at Sonic. His focus will be on enhancing guest technology expectations, optimizing operations, and maintaining product quality. This strategic leadership move aims to strengthen Jack in the Box's executive team and support its growth initiatives.
Jack in the Box, Inc. (NASDAQ: JACK) has announced its Q4 and Year-End 2021 earnings webcast scheduled for Tuesday, November 23 at 10:30 a.m. EDT. The event will be accessible via a live webcast on their investor relations website. This webcast will later be archived for replay. Jack in the Box operates over 2,200 restaurants across 21 states and Guam, making it one of the largest hamburger chains in the nation. Interested parties can find more details about the company and its franchising opportunities at their official website.
Jack in the Box has reintroduced its popular Monster Tacos, available systemwide through Halloween. This launch coincides with National Taco Day on October 4. The tacos feature larger sizes of the classic tacos, with American cheese, lettuce, and taco sauce. To celebrate, the brand hosted a Trick or Feast event in Los Angeles that engaged fans in a themed experience. Monster Tacos are priced at $3.00 for two and can be ordered in-store, via delivery, or through the mobile app, which offers a 25% discount for first-time users.
PAR Technology Corporation announced that Jack in the Box has entered the final phase of implementing PAR’s customer loyalty solution, Punchh, across its 2,219 restaurants. This initiative aims to enhance the digital experience for guests by introducing an online loyalty program and updating the ordering interface. Punchh’s platform will allow Jack in the Box to send targeted promotions, broadening its marketing capabilities. Over the past 18 months, Punchh has gained 71 new customers, positioning itself as a leader in restaurant loyalty programs.
On September 8, 2021, Jack in the Box made headlines by humorously announcing the purchase of Chicken, Alaska, acquiring it for 10,000 Cluck Sandwiches—enough to feed the town's 17 residents for a year. Although the purchase was a stunt to highlight their new sandwich, the company donated $10,000 to aid the town's pandemic recovery. From September 7-10, customers who buy any Cluck Sandwich through the Jack app can earn double loyalty points. This campaign aims to engage customers while supporting Chicken, Alaska.
Jack in the Box (NASDAQ: JACK) announced the awarding of 16 franchise development agreements, set to open 64 new locations across Arizona, California, Idaho, Texas, and Utah by the end of Q3 FY2021. CEO Darin Harris highlighted the brand's pandemic resilience and the importance of strengthening ties with franchisees. Following a 10.3% increase in same-store sales, new markets include Salt Lake City and Chicago. The company aims for 4% annual growth by 2025, utilizing its new drive-thru-focused MK12 prototype, which reduces development costs by 18-23%.
Jack in the Box Inc. (NASDAQ: JACK) reported strong financial results for Q3 2021, ending July 4, with total revenues of $269.5 million, up 11.2% year-over-year. Earnings per share rose 26.1% to $1.79. Systemwide sales increased by 10.6%, driven by a 10.2% growth in same-store sales. Despite a net store decline of 9, development agreements for 60 future restaurants were signed. However, rising costs in food, labor, and commodities impacted margins. The company also declared a $0.44 cash dividend, payable on September 3, 2021.
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