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) 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.
Jack in the Box Inc. (NASDAQ: JACK) will announce its third quarter fiscal 2021 financial results following market close on August 4, 2021. A conference call to discuss these results will occur on the same day at 2:00 p.m. PT, which will be available via live webcast. Investors are encouraged to log onto the investors page 15 minutes prior for setup. A playback of the call will be accessible from 5:00 p.m. PT on August 4, 2021.
Jack in the Box Inc. (NASDAQ: JACK) held a virtual Investor Day, outlining a long-term financial framework focused on unit growth, unit economics, and a 3-5 year strategy. The company expects a 4% growth in units by 2025 and plans to invest in a digital roadmap emphasizing loyalty and mobile ordering. New guidance includes same-store sales growth of 2.0% - 3.0% and system sales growth of 3.0% - 5.0%. The presentation also revealed a new flexible store prototype and highlighted improved franchisee relationships.
Jack in the Box Inc. (NASDAQ: JACK) is set to conduct a virtual Investor Day on June 29, 2021, starting at 8:30 am ET. Key executives, including CEO Darin Harris, CFO Tim Mullany, and CMO Ryan Ostrom, will present, followed by a Q&A session featuring COO Tony Darden and VP of Investor Relations Chris Brandon. Interested participants can access the live webcast via the Investors page on their official site, beginning 15 minutes prior to the event. The recording will be available post-event.
Jack in the Box Inc. (NASDAQ: JACK) has appointed Chris Brandon, a veteran in the franchise restaurant industry, as vice president of investor relations starting June 7, 2021. Previously at Domino's Pizza, Brandon brings extensive experience in investor relations and growth strategy communication. CFO Tim Mullany expressed confidence in Brandon's ability to enhance relationships with the investment community. Brandon aims to share Jack in the Box's growth story while promoting a strong culture of service for guests and franchisees.
Jack in the Box (NASDAQ: JACK) announced the appointment of Tony Darden as its new Senior Vice President and COO, effective June 7, 2021. Darden brings over 25 years of experience in multi-unit quick-service restaurant operations, having previously served as president of MOOYAH Burgers and held COO roles at Taco Bueno and Sun Holdings. CEO Darin Harris expressed confidence in Darden’s ability to enhance franchisee partnerships and operational excellence. The company recently reported a 19% total revenue growth compared to Q2 2020, underscoring its positive financial trajectory.
Jack in the Box reported Q2 financial results for fiscal 2021, with total revenues up 19% to $257.2 million, driven by a 20.6% growth in system same-store sales. Net earnings surged to $35.9 million, or $1.58 per diluted share, a significant increase from $11.5 million the previous year. The company also announced a 10% dividend increase to $0.44 per share payable on June 11. Fiscal year 2021 guidance indicates high single-digit same-store sales growth and adjusted EBITDA expected between $320 million and $330 million.
Jack in the Box, Inc. (NASDAQ: JACK) has appointed Steve Piano as chief people officer and Carlson Choi as chief information officer, aiming to enhance its executive leadership. Piano comes from GNC Holdings, bringing over 10 years of HR experience, while Choi previously served at Jollibee Foods Corporation, specializing in digital transformation. CEO Darin Harris noted their roles are crucial for driving strategic goals focused on people and technology. The company has seen positive performance, with double-digit same-store sales increases in Q1 2021.
Jack in the Box Inc. (NASDAQ: JACK) will disclose its fiscal Q2 2021 financial results on May 12, 2021, after market close. A conference call will follow at 2:00 p.m. PT to discuss the results, which will be accessible via the company's investor page. Interested parties should log in at least 15 minutes prior to the call for any necessary software installations. A playback of the call will be available on the investor’s page post-event, starting at approximately 5:00 p.m. PT on the same day.
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