Box(BOX) ZACKS·2024-10-01 15:01Core Insights - Jack in the Box Inc. (JACK) is expanding its presence in Chicago with a 12-unit franchising deal, building on previous growth initiatives in the area [1] - The company has a diverse menu that caters to modern consumer preferences, including dine-in, drive-thru, and mobile ordering options [2] - JACK's focus on franchising has led to the signing of development agreements for 156 restaurant commitments, with significant interest in markets like Florida [3] Expansion Strategy - The Chicago expansion is part of JACK's broader growth strategy, with over 100 additional franchise opportunities identified in the Chicago Metro Area [3] - The company aims for a long-term net unit growth goal of 4% by 2025 and plans to have restaurants in 40 states by 2030 [4] Market Performance - Despite the expansion efforts, JACK's stock has declined by 3.1% over the past three months, contrasting with the industry's growth of 13.6% [4] - JACK currently holds a Zacks Rank 3 (Hold), while other companies in the sector, such as Texas Roadhouse and Yum China, have higher rankings and better stock performance [5][6]