Jack In The Box Stock Price, News & Analysis

Jack in the Box (NASDAQ: JACK) has announced a Q1 2022 Earnings Webcast scheduled for February 23, 10:30 a.m. EST. Investors can participate via a live webcast at investors.jackinthebox.com. This event will also be archived for later replay. Jack in the Box operates over 2,200 restaurants across the U.S. and Guam, making it one of the nation’s largest hamburger chains.

Jack in the Box (NASDAQ: JACK) announces a presentation and Q&A webcast regarding its acquisition of Del Taco. The event will feature CEO Darin Harris, CFO Tim Mullany, and VP of IR Chris Brandon, taking place on December 6 at 8:30 a.m. EDT. Interested parties can access the live webcast at investors.jackinthebox.com. The session will be archived for later viewing. Jack in the Box operates over 2,200 restaurants across 21 states and Guam.

Jack in the Box has announced its acquisition of Del Taco for $12.51 per share, valuing the transaction at approximately $575 million. This strategic move aims to combine two brands with complementary cultures and operating models, creating a stronger QSR entity. The merger is projected to enhance earnings per share (EPS) immediately, with significant synergy opportunities and targeted growth in the lucrative Mexican QSR market. Together, they will operate over 2,800 restaurants across 25 states.

Jack in the Box announced Q4 2021 results, showcasing systemwide sales growth of 8.6% and 13.1% for the fiscal year. The diluted EPS rose by 9.8% to $1.80 in Q4, totaling $7.37 for the year, despite a 1.0% decline in net units. Same-store sales were flat in Q4 but increased 10.3% annually. Management provided guidance for FY 2022, highlighting anticipated costs and expectations for restaurant level margins of 20-21%.

Jack in the Box has launched its inaugural "Jackletes" brand ambassador program, targeting collegiate athletes who share a variation of the name "Jack." Recognizing under-represented collegiate sports, the program includes 10 selected athletes from various universities, providing them with a $5,000 sponsorship and $500 in food credits. This initiative aims to forge deeper connections with college students and enhance brand visibility. By supporting athletes, Jack in the Box aims to tap into a new demographic while promoting its all-day menu and engaging with fans in innovative ways.

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.