Jack in the Box Inc. (JACK) continues to secure development agreements with new franchisees in Florida. The company recently secured new franchise commitments with expansion plans in Tallahassee and Orlando.Florida's significant population growth and business-friendly environment are considered key factors for driving the expansion. JACK secured more than 400 new franchise commitments in the past three years, nearly 10% of which are planned for Florida.The franchise expansion details include future developm ...

TALLAHASSEE, Fla., May 30, 2024 (GLOBE NEWSWIRE) -- Today Del Taco, the nation's second-largest Mexican quick service restaurant,* announced the opening of its new Fresh Flex location at 2410 Apalachee Parkway, Tallahassee, FL 32301. This marks Del Taco's tenth location in Florida and the third restaurant for franchise organization, Consolidated Taco Holdings, now expanding their footprint in the state capital. The location is designed in Del Taco's signature Fresh Flex layout, a bold, modernized design wit ...

Jack in the Box Inc. (JACK) is likely to benefit from franchise developments, digital initiatives and menu innovation. Also, its focus on the CRAVED reimage program bodes well. However, dismal comps and wage inflation are a concern.Let us discuss the factors that highlight why investors should retain the stock now.Growth CatalystsJACK continues to collaborate with its franchisees and leverage guest insights to ensure value remains a competitive advantage for both brands. During second-quarter fiscal 2024, J ...

PORT ORANGE, Fla., May 20, 2024 (GLOBE NEWSWIRE) -- Del Taco, the nation's second-largest Mexican quick service restaurant,* announces the opening of its newest Fresh Flex location at 3815 S. Nova Road Port Orange, Florida. This is the brand's first location in Port Orange and the second location owned by the Singh Group. The Port Orange restaurant showcases Del Taco's modernized design, with the bold and vibrant colors that are signature to Del Taco's Fresh Flex style. The location also features upgraded a ...

LAKE FOREST, Calif., May 16, 2024 (GLOBE NEWSWIRE) -- Del Taco, the nation's second-largest Mexican quick service restaurant,* is bringing back a variety of fan favorites to celebrate summer! For a limited time, savory shredded beef birria is back by popular demand with ramen, street tacos, a quesadilla, and the NEW Birria Grilled Combo Burrito – all of these served with a warm, flavorful consomé. And after years of relentless requests to bring back the wildly popular Nacho Cheese, Del Taco is treating thei ...

LAKE FOREST, Calif., May 16, 2024 (GLOBE NEWSWIRE) -- Del Taco, the nation’s second-largest Mexican quick service restaurant,* is bringing back a variety of fan favorites to celebrate summer! For a limited time, savory shredded beef birria is back by popular demand with ramen, street tacos, a quesadilla, and the NEW Birria Grilled Combo Burrito – all of these served with a warm, flavorful consomé. And after years of relentless requests to bring back the wildly popular Nacho Cheese, Del Taco is treating thei ...

Jack in the Box Inc. (JACK) reported mixed second-quarter fiscal 2024 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. The top and the bottom line declined from the prior-year quarter’s levels.Earnings & Revenues DetailsDuring the fiscal second quarter, operating earnings per share (EPS) came in at $1.46 per share, beating the Zacks Consensus Estimate of $1.43. The metric dropped 0.7% from $1.47 reported in the prior-year quarter.Quarterly revenues of $365.3 million ...

Jack in the Box Inc. (NASDAQ:JACK) Q2 2024 Earnings Conference Call May 14, 2024 11:00 AM ET Company Participants Chris Brandon - Vice President, Investor Relations Darin Harris - Chief Executive Officer Brian Scott - Executive Vice President and Chief Financial Officer Conference Call Participants Brian Bittner - Oppenheimer Lauren Silverman - Deutsche Bank Nick Setyan - Wedbush Securities Gregory Francfort - Guggenheim Securities Alton Stump - Loop Capital Jon Tower - Citi Dennis Geiger – UBS Chris O'Cull ...

Key PointsJack in the Box struggles in Q2, but re-franchising efforts are gaining traction. Guidance was maintained with weak comps but widening margins. Analysts view this stock as a deep value with a potential for a 50% upside. 5 stocks we like better than Jack in the BoxJack in the Box NASDAQ: JACK share prices tumbled over the last year as the Del Taco acquisition weighed on sentiment, but the rebound is on, and the upside looks tasty. The acquisition was questionable, and the rationalization of the bus ...

Jack In The Box (JACK) reported $365.35 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 7.7%. EPS of $1.46 for the same period compares to $1.47 a year ago.The reported revenue represents a surprise of -1.18% over the Zacks Consensus Estimate of $369.72 million. With the consensus EPS estimate being $1.43, the EPS surprise was +2.10%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...