Jack In The Box Stock Price, News & Analysis

Jack in the Box reported a 4.0% increase in same-store sales for Q4 2022 and 0.9% for FY 2022. Del Taco saw even stronger growth with 5.2% same-store sales in Q4. Overall, the company anticipates positive net unit growth in FY 2023, opening 25-30 new locations. Despite operational challenges, management remains optimistic about sales momentum and margin strategies, although Restaurant-Level Margin declined to 16.2% due to increased costs. FY 2023 operating EPS is guided between $5.25-5.65.

Del Taco is celebrating the holiday season with the return of its popular tamale menu, starting November 17, 2022. Customers can enjoy two for $5 tamales and earn double points on Del Yeah!™ Rewards purchases. The seasonal menu offers options like Red & Green Smothered Tamales and Chili Cheese Smothered Tamales. Additionally, the holiday gift card bonus program allows customers to receive free food with gift card purchases, including free tacos and combo meals.

Jack in the Box Inc. (NASDAQ: JACK) has initiated a refranchising effort for its Del Taco restaurants, partnering with The Cypress Group. This strategy aims to optimize its asset-light portfolio and foster future growth. The refranchising campaign will commence immediately, covering about half of the Del Taco locations. Following its acquisition of Del Taco last March, Jack in the Box aims to leverage Cypress's expertise to enhance its multi-brand organization. This initiative is expected to attract both new and existing franchisees.

Jack in the Box Inc. (NASDAQ: JACK) has launched a new off-premise-only restaurant prototype in Tulsa, Oklahoma. This 1,350-square-foot location features a double y-lane drive-thru, a walk-up ordering window, and dual assembly kitchens. The prototype aims to reduce buildout costs by 20% and enhance real estate flexibility. It is designed to accommodate various locations, attracting new customers and franchisees with its unique design elements. This initiative supports the company's nationwide growth strategy.

Jack in the Box (NASDAQ: JACK) will hold its Q4 and Full-Year 2022 earnings webcast on November 22 at 1:00 p.m. EST. The earnings release will be published before market open on the same day. Investors can access the event live at investors.jackinthebox.com. Founded in San Diego, Jack in the Box operates over 2,200 restaurants and also franchises Del Taco, which has around 600 locations. The webcast will be available for replay on their investor relations website.

Jack in the Box has launched a new ordering website and mobile app to enhance customer experience and streamline ordering processes. Developed with Bounteous, the platform offers full menu ordering, customization, and an integrated loyalty program. The digital tools aim to improve customer interaction and drive loyalty via seamless rewards across mediums. This initiative marks a significant move in Jack in the Box's digital transformation strategy, emphasizing the importance of digital investment for growth.

Jack in the Box has announced the return of its popular Monster Tacos on National Taco Day. Priced at 2 for $3, these tacos can be ordered at all locations, through the Jack app, or via third-party delivery. Additionally, Jack in the Box has launched a new Basic Witch Shake featuring vanilla, OREO® pieces, and pumpkin spice, available from October 3rd to November 20th. Classic items like the Double Bonus Jack combo are also back at a promotional price of $4.99, with all-day breakfast options like the Sausage Croissant available for patrons.

Jack in the Box (NASDAQ: JACK) announced the appointment of Guillermo Diaz, Jr. to its Board of Directors, effective September 26, 2022. Diaz, currently the Chairman of the Hispanic Technology Executive Council, brings over 30 years of experience in telecommunications and IT, including roles at Cisco Systems and Kloudspot. The company aims to leverage his expertise in digital transformation and diversity initiatives to enhance growth and shareholder value.

Del Taco is rebranding temporarily as Del Torta to highlight its new Epic Tortas menu, launching September 1, 2022. The initiative is part of the Del Taco Better Mex campaign, aiming to enhance the brand experience. The new tortas include three varieties: Carne Asada & Queso, Chicken BLT, and Crispy Chicken & Guac, featuring fresh ingredients. Rewards members can access these items early on August 31. Promotional offers include free delivery on weekends and a special deal for rewards members starting September 9. This strategy targets football season consumers.