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 introduces Del's Mucho Meal$™, offering four new meal combos starting at $4.49. Each combo includes a Mini Cinnamon Churro, small Crinkle Cut Fries, and a 16oz Fountain Drink, with upgrade options available. The new meals range from $4.49 to $7.49, featuring various combinations of tacos, burritos, and chicken items.
Additionally, Del Taco brings back the popular Cookie Butter Shake, made with real Biscoff® cookies and cookie butter. This -time offering complements the new value meal options.
Tom Rose, President at Del Taco, emphasizes the company's commitment to providing high-quality food at affordable prices, addressing customers' desire for value without compromising on flavor or freshness.
Jack in the Box (NASDAQ: JACK) has announced a 12-unit franchising deal in Chicago, expanding its presence in the market. This follows the brand's plans to open eight company-operated locations in Chicago suburbs and two CloudKitchens in downtown Chicago. The company sees Chicago as a gateway to the Midwest and has identified over 100 additional franchise opportunities in the Chicago Metro Area.
Jack in the Box is actively seeking experienced multi-unit operators and business owners to join its franchisee network. The brand, known for its 24/7 menu offering breakfast, lunch, dinner, and late-night options, believes its diverse menu will resonate with the local community. The new locations will provide dine-in, drive-thru, and mobile ordering options.
Jack in the Box (NASDAQ: JACK) is launching a custom PC giveaway and introducing the Red Bull Gaming Box to coincide with the Red Bull Home Ground Tournament on September 29, 2024. To enter the giveaway, customers must download the Jack in the Box app and join the Jack Pack loyalty program between September 29 and October 30. The custom PC is designed by Starforge and powered by AMD.
The -edition Red Bull Gaming Box includes Two Tacos, Thirteen Tiny Tacos, Hot n' Salty Fries, Seasoned Curly Fries, and an exclusively-designed Red Bull Can. It will be available in-store, online, through third-party delivery, and on the Jack app until November 10th. Jack in the Box is also promoting Gamer Jack's Twitch stream during the tournament.
Del Taco, the second-largest Mexican quick service restaurant in the US, has announced the opening of its 13th location in Florida. This new restaurant, located at 7531 W. Irlo Bronson Memorial Highway in Kissimmee, is the brand's second company-owned location in the area and the seventh in Orlando.
The new location features Del Taco's Fresh Flex layout with a contemporary design and open-kitchen concept. It offers dual drive-thru lanes and contactless delivery pick-up stations. Operating hours are from 9 a.m. to 1 a.m. ET.
Del Taco has introduced a NEW Al Pastor menu in collaboration with Danny Trejo's Trejo's Tacos®. The chain was recently ranked #1 for Best Fast-Food Restaurant in the USA Today 10Best Reader's Choice Awards.
Del Taco, the second-largest Mexican quick service restaurant chain in the US, has opened its newest location in Port Charlotte, Florida. This marks Del Taco's 12th location in Florida and its first in Charlotte County. The new restaurant features the brand's contemporary Fresh Flex layout, showcasing a vibrant interior design and an open-layout kitchen.
The Port Charlotte location offers drive-thru service and contactless delivery pick-up stations for third-party orders. Operating hours are 10 a.m. to midnight Sunday through Thursday, and 10 a.m. to 1 a.m. Friday and Saturday. Del Taco prides itself on using high-quality, fresh ingredients prepared in-house, including freshly grilled meats, house-grated cheese, and scratch-made beans and guacamole.
Jack in the Box (NASDAQ: JACK) is celebrating National Cheeseburger Day with a week-long promotion from September 15 to 21. Jack Pack members can enjoy daily burger deals and freebies with any $1 purchase. Offers include BOGO Double Jack Cheeseburgers, free shakes, double points, and more. The company is also launching an improved app experience on September 16, featuring smoother navigation, Apple Pay integration, a revamped store locator, and password-less sign-in. This promotion aims to attract new customers and reward existing ones, potentially boosting sales and app engagement during the promotional period.
Jack in the Box (NASDAQ: JACK) is partnering with No Kid Hungry for Hunger Action Month this September. Guests who donate $1 to No Kid Hungry will receive a coupon for a free small curly fry on their next visit. Since 2015, Jack in the Box has raised $4.6 million for No Kid Hungry and aims to raise $1 million this September. All 2,200 Jack in the Box locations across the U.S. will participate, with 100% of donations going directly to No Kid Hungry.
No Kid Hungry works to improve and expand programs that feed children across all 50 states, including school breakfast, after-school suppers, and summer meals. The campaign aims to address the issue of 1 in 5 children facing hunger in America daily.
Del Taco, the second-largest Mexican quick service restaurant in the US, has partnered with Trejo's Tacos® to launch a new Roasted Pork Al Pastor menu nationwide. The collaboration aims to deliver premium quality with authentic and bold flavors. The fire-roasted pork is marinated with traditional spices and pineapple juice, offering a savory, spicy, and sweet combination.
The -time menu includes Al Pastor Street Tacos, Al Pastor Loaded Fries, Al Pastor Epic Burrito, and Al Pastor Cheddar Quesadilla. To complement the new lineup, Del Taco is also introducing Double Pineapple Drinks made with real fruit. This partnership between Del Taco and actor Danny Trejo's Trejo's Tacos® brand emphasizes the use of real, fresh ingredients and authentic flavors.
Jack in the Box Inc. (NASDAQ: JACK) reported Q3 2024 financial results for both Jack in the Box and Del Taco brands. Key highlights include:
- Jack in the Box same-store sales decreased 2.2%
- Del Taco same-store sales decreased 3.9%
- Diluted loss per share of ($6.26), including a $162.6 million non-cash goodwill impairment charge for Del Taco
- Operating EPS of $1.65
- Jack in the Box signed 3 development agreements for 28 new restaurants
- Jack in the Box entering Chicago market in FY 2025
- Del Taco's recent openings set new company records for first-week sales
The company updated its FY 2024 guidance, projecting Adjusted EBITDA of $320-$325 million and Operating EPS of $6.10-$6.25.
Del Taco, the second-largest Mexican quick-service restaurant chain in the US, has announced record-breaking first-week sales for new market openings in Port Orange, FL, Tallahassee, FL, and Chesapeake, VA. The company is expanding its presence in the Southeast, with a new multi-unit commitment for 7 restaurants in North Carolina and South Carolina.
Impeccable Development has partnered with Del Taco to develop these new locations in the Wilmington, NC and Myrtle Beach, SC markets. This follows earlier development agreements in Greensboro, NC and Raleigh-Durham. Del Taco plans to open its first units in Raleigh-Durham and Greensboro in 2025.
The brand's success is attributed to its commitment to using high-quality, fresh ingredients and preparing food fresh in each restaurant's kitchen. Del Taco currently operates nearly 600 restaurants across 17 states and is seeking franchise opportunities throughout the Southeast and other markets across the country.
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