Jack In The Box Stock Price, News & Analysis

Jack in the Box Inc. reported Q4 2024 financial results showing declining same-store sales for both brands. Jack in the Box same-store sales decreased 2.1% in Q4 and 1.3% for FY 2024, while Del Taco saw decreases of 3.9% in Q4 and 1.5% for FY 2024. Total revenues declined 6.2% to $349.3 million. Despite sales challenges, the company achieved significant growth milestones, with Jack in the Box opening 30 restaurants in FY 2024, the highest since 2012. Del Taco refranchised 47 restaurants and is now nearly 80% franchised. The company provided FY 2025 guidance with Operating EPS expected at $5.05-$5.45 and Adjusted EBITDA of $288-$303 million.

Del Taco has expanded its carne asada menu with the introduction of a NEW Chipotle Carne Asada Steak Burrito. Starting at $2.99, the enhanced menu features various carne asada options including Epic Burritos®, loaded fries, and street tacos. The new chipotle burrito weighs over half a pound and includes freshly grilled carne asada steak, slow-cooked beans, cilantro lime rice, chipotle sauce, and sour cream. Additionally, Del Taco is launching two -time beverages: the NEW Dirty Del (Dr Pepper® with vanilla and lime) and bringing back the Birthday Cake Shake.

Jack in the Box introduces the Sourdough Smashed Jack, a new variant of their successful smashed-patty burger line. The original Smashed Jack, launched a year ago, achieved remarkable success with 70,000 units sold on day one and became their most successful burger launch in six years. The company has sold 3.5M Classic Smashed Jacks and 6.5M Bacon Double Smashed Jacks since launch. The new Sourdough version features a ¼ lb smashed patty with American cheese, pickles, grilled onions, and Boss Sauce on toasted sourdough bread, available for a time.

Jack in the Box (NASDAQ: JACK) launches its -time 'Noggy or Nice' holiday menu nationwide. The seasonal offerings include eggnog-flavored beverages - a Noggy or Nice Shake and Sweet Cream Iced Coffee, both featuring Biscoff® cookie crumbs. The menu introduces Birria Tiny Tacos starting at $4.00 for Classic and $5.00 for Sauced & Loaded versions. Additionally, the company debuts Biscoff® Donut Holes for $1.50 and a new $5 Big Deal Breakfast Meal featuring a Breakfast Jack, French Toast Sticks, and hash brown, available all day.

Jack in the Box (NASDAQ: JACK) announces the return of Lance Tucker as Chief Financial Officer, effective January 13, 2025. Tucker, currently CFO at Davidson Hospitality Group, previously served as Jack in the Box's CFO from March 2018 to July 2020, where he implemented the company's securitization and drove shareholder value. He also held CFO positions at CKE Restaurants and Papa John's International. In his role, Tucker will oversee financial strategy, planning, and operations, working closely with the executive team to maintain agility in the fast-food sector while strengthening relationships with franchisees.

Jack in the Box Inc. (NASDAQ: JACK) has announced its upcoming Q4 and Full-Year 2024 Earnings Webcast. The event is scheduled for Wednesday, November 20 at 5 p.m. EST. Investors and interested parties can access the live webcast through the company's investor relations website at investors.jackinthebox.com. The Q4 2024 Earnings Release will be issued after market close on the same day.

For those unable to attend the live event, the webcast will be archived on the Jack in the Box investor relations website for later viewing. Chris Brandon, vice president of investor relations, is available for any inquiries at 619.902.0269.

Jack in the Box Inc. (NASDAQ: JACK) has announced the resignation of EVP and Chief Financial Officer Brian Scott, who will be leaving the company on November 20th to pursue a position outside the restaurant industry. Dawn Hooper, the current Senior Vice President and Controller with 24 years of experience at Jack in the Box, will take over as interim CFO and principal financial officer starting November 1st.

CEO Darin Harris expressed gratitude for Scott's contributions and commitment to finding an excellent financial leader to support the company's ongoing transformation and ambitions for both the Jack in the Box and Del Taco brands. Scott, in turn, thanked the leadership team and expressed confidence in the brands' ability to achieve their strategic goals and deliver long-term shareholder value.

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.