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Jack in the Box (NASDAQ: JACK) has announced significant progress in its Florida expansion strategy. This includes new franchise commitments in Tallahassee and Orlando. The plan encompasses five new locations in Tallahassee and ten in Orlando. The expansion aligns with the company's strategic goals for the Southeast, leveraging Florida's population growth and business-friendly environment.
With over 400 new franchise commitments in the past three years, nearly 10% are designated for Florida. New franchisees Darshana Patel and Dan Soma emphasized the brand's strong market presence and growth potential. New locations will offer 24-hour dine-in, drive-thru, and mobile ordering options, featuring Jack in the Box's iconic menu.
Del Taco has opened a new Fresh Flex location in Tallahassee, Florida, at 2410 Apalachee Parkway, marking its tenth location in the state. This is the third restaurant for franchise organization, Consolidated Taco Holdings. The Fresh Flex design features a modernized look with innovative features, including a drive-thru lane and contactless delivery pickup stations. The new location offers a menu featuring Mexican and American favorites such as tacos, burritos, and Crinkle-Cut fries, prepared daily with fresh ingredients. Del Taco is promoting the return of its beef birria menu, available for a time.
Jack in the Box has introduced a new value menu called Jack’s Munchies Under $4, featuring fan favorites like Jr. Jumbo Jack, Two Tacos, French Toast Sticks, and more, all priced under $4. This launch, starting June 3, aims to combat inflation and provide affordable options to customers. The menu includes items like Tiny Tacos, Chicken Nuggets, and the new Sourdough Grilled Cheese. The initiative is further supported by exclusive digital offers through Jack’s loyalty program, The Jack Pack, which offers deals like Taco Tuesnight and Midweek Munchies. The menu is available in-store, drive-thru, online, and via the Jack app.
Del Taco, the second-largest Mexican quick service restaurant in the US, announced the opening of its new location at 3815 S. Nova Road in Port Orange, Florida, on May 20, 2024. This is the brand’s first location in Port Orange and the second owned by the Singh Group. The new restaurant features Del Taco’s modern Fresh Flex design, with vibrant colors, dual drive-thru lanes, an open-kitchen layout, and order pick-up lockers for third-party to-go orders. Operating hours are 10 a.m. to 12 a.m. Monday through Thursday, and 10 a.m. to 2 a.m. Friday through Sunday. The Singh brothers stated that Port Orange's growth and passion for food made it an ideal location for expansion. The restaurant will offer a menu that includes tacos, Epic Burritos®, quesadillas, beverages, and Crinkle-Cut fries, all made with high-quality, fresh ingredients.
Del Taco is reintroducing fan-favorite menu items to celebrate summer, including shredded beef birria, nacho cheese, and funnel cake fries.
Starting May 16, 2024, customers can enjoy a variety of birria dishes such as tacos, quesadillas, ramen, and a new grilled combo burrito. These items are served with consomé dip.
Nacho Cheese returns with Macho Nachos, Nacho Cheese Fries, and Chips & Nacho Cheese. Del Yeah! Rewards members can get a free snack-sized Chips & Nacho Cheese with a $3 purchase for one week only.
Funnel Cake Fries are also back for a time.
Jack in the Box (NASDAQ: JACK) reported Q2 2024 earnings with mixed results. Same-store sales for Jack in the Box decreased by 2.5%, and for Del Taco by 1.4%. Systemwide sales fell by 1.6% for Jack in the Box and 1.3% for Del Taco. However, diluted EPS was $1.26, and operating EPS was $1.46. Jack in the Box's restaurant-level margin improved by 2.2% to 23.6%, while Del Taco's decreased slightly to 16.8%.
Jack in the Box signed franchise agreements to enter Tallahassee and expand in Orlando, adding 31 new commitments in Florida. Del Taco also signed deals for new restaurants in Greensboro and Atlanta. New-market Jack in the Box restaurants opened in the last 12 months are averaging $100k in weekly AUV. Total revenues decreased by 7.7% to $365.3 million, primarily due to Del Taco refranchising. The company repurchased 0.2 million shares worth $15 million and declared a $0.44 per-share dividend.
Jack in the Box, Inc. (NASDAQ: JACK) is celebrating Jack Box's birthday with a week of free food offers for Jack Pack reward members from May 13 - 19. Members can enjoy daily free food items with any $1 purchase, including Jack Wraps, Tacos, Chicken Sandwiches, Jumbo Jacks, Fries, Fountain Drinks, and Regular Size Shakes. Jack Box, the iconic figure and CEO of Jack in the Box, aims to bring fun and surprises to his supporters through this birthday celebration.
Del Taco, the second-largest Mexican quick service restaurant in the US, has opened a new location in DeFuniak Springs, Florida. The new Fresh Flex location features a modern design and innovative layout changes to enhance the guest experience. The restaurant offers a drive-thru lane and pick-up lockers for orders placed through the Del Taco mobile app or third-party food providers. Customers can enjoy a variety of Mexican and American favorites, including tacos, burritos, quesadillas, and Crinkle-Cut fries, all made with high-quality, fresh ingredients. The new location is offering a special promotion of 2 for $3 Crispy Chicken Tacos and a brand-new Snickerdoodle Shake. Positions are available for those interested in joining the Del Taco team.
