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. reports developments tied to its quick-service restaurant business, including earnings releases, same-store sales, restaurant operations, menu promotions, marketing leadership and technology systems used across its corporate and franchise locations. Coverage also includes brand initiatives under Jack’s Way and operational programs intended to simplify the business.
Company news also reflects governance and shareholder matters, including board refreshment, annual meeting results, stockholder engagement and changes to director roles. Corporate updates document portfolio actions such as the completed sale of Del Taco and the treatment of that business as discontinued operations in reported results.
Jack in the Box is launching an exciting initiative called 24 Days of Jackmas, starting December 1st, exclusively for Jack Pack® rewards members. This promotion features daily food deals, including favorites like 2 Tacos and Curly Fries, aimed at enhancing customer engagement during the holiday season. The event emphasizes Jack's playful and festive branding, encouraging customers to participate through the Jack app or website.
Del Taco, the second largest Mexican quick service restaurant chain in the U.S., has opened its first location in southwest Florida at 5610 W. Manatee Avenue, Bradenton. This marks the fifth location in the state and expands the brand's footprint beyond Orlando. The new outlet features a Fresh Flex layout, emphasizing convenience and modern design. Customers can enjoy popular menu items, including EPIC Burritos and NEW Epic Tortas. The company continues its commitment to fresh ingredients, and new customers can earn rewards through the Del Yeah! Rewards app.
Jack in the Box (NASDAQ: JACK) completed a record-setting year with 155 new restaurant commitments in 2022 and announced plans for positive net unit growth in 2023. This marks the first significant growth in four years, driven by revitalized franchisee relationships and expansion into new markets, including Salt Lake City and Louisville. The company has signed 68 development agreements for a total of 267 new restaurants since launching its development program. The success of these new openings is crucial for future growth and franchisee engagement.
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 location value="LU/us.ok.tulsa"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.