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Jack in the Box to Acquire Del Taco
Jack in the Box Inc. (NASDAQ: JACK), one of the nation’s leading QSR chains, and Del Taco Restaurants, Inc. (NASDAQ: TACO), the nation’s second largest Mexican QSR chain by number of restaurants, today announced that the companies have entered into a definitive agreement pursuant to which Jack in the Box will acquire Del Taco for $12.51 per share in cash in a transaction valued at approximately $575 million, including existing debt. While this price per share offers an attractive premium to Del Taco shareholders, Jack in the Box estimates...
Jack in the Box Inc. Reports Fourth Quarter and Full-Year 2021 Earnings
Jack in the Box Inc. announced financial results for the fourth quarter ended October 3, 2021, comprised of growth in systemwide sales, same store sales and earnings per share.
"I am very proud of the execution and determination shown by our outstanding franchisees and corporate team members, continuing to deliver for our guests during a challenging operating environment,” said Darin Harris, Jack in the Box Chief Executive Officer. “We closed the year with strong comps on a two-year basis of +12.3% in Q4, leading us..."
Jack in the Box Signs Seven Development Agreements in Q4 of Fiscal Year 2021 to Open 47 Stores
Jack in the Box Inc., one of the nation’s leading QSR chains, announced today it has awarded seven development agreements in Q4 of fiscal year 2021 to open 47 new restaurants. In total, Jack in the Box has awarded 23 development agreements in fiscal year 2021 to build 111 stores over the course of the next several years. The agreements will help the brand grow in existing markets including Los Angeles, Dallas and Houston, as well as new ones such as...
Jack in the Box Names New Vice President of Investor Relations
Jack in the Box Inc. continues the strategic transformation of its leadership team with the addition of 14-year franchise restaurant industry veteran Chris Brandon, IRC, as vice president of investor relations, effective June 7, 2021.
Brandon joins Jack in the Box from Domino’s Pizza, where he served in a variety of communication roles over the past 14 years, including most recently as director of investor relations. His past roles at Domino’s included responsibility for legislative affairs as well as media and public relations and franchisee events. Previously, Brandon held various sales and marketing positions with NASCAR between 2003 and 2007.
“Chris has proven his ability to build trusting relationships with key members of the investment community and brings deep knowledge of the franchise restaurant industry, with...
Jack in the Box Names New Chief Operating Officer
Jack in the Box continues the strategic transformation of its leadership team with the addition of new Senior Vice President and Chief Operating Officer Tony Darden, who brings more than 25 years’ experience in multi-unit, quick-service restaurant operations.
Darden joins Jack in the Box from MOOYAH Burgers Fries and Shake, where he served as president for the past two years. He has also held chief operating officer titles at Taco Bueno and Sun Holdings, the fourth largest franchisee in the U.S. with a portfolio of more than 1,000 restaurants for brands including...
Jack in the Box Reports Second Quarter FY 2021 Earnings
Jack in the Box reported financial results for the second quarter ended April 11, 2021 and provided fiscal year 2021 financial guidance.
Jack in the Box total revenues increased 19 percent to $257.2 million, compared to $216.2 million in the comparable period ended April 12, 2020, driven by 20.6 percent growth in system same-store sales. Company same-store sales increased 14.5 percent in the second quarter, reflecting average check growth of 19.9 percent and a 5.4 percent decrease in transactions. Franchise same-store sales increased 21.3 percent.
Net earnings more than tripled to $35.9 million, or $1.58 per diluted share, for the second quarter of fiscal 2021, compared with...
Jack in the Box Reports First Quarter FY 2021 Earnings
Jack in the Box Inc., reported financial results for the first quarter ended January 17, 2021.
Jack in the Box® system same-store sales increased 12.5 percent for the quarter. Company same-store sales increased 7.5 percent in the first quarter driven by average check growth of 21.2 percent while transactions decreased 13.7 percent.
Darin Harris, chief executive officer, said, "Our ongoing strategy continues to resonate with our guests with same-store sales significantly outperforming our peers. We saw strong...
Ryan Ostrom to Join Jack in the Box as New Chief Marketing Officer
Jack in the Box Inc. announced that Ryan Ostrom will join the company as Executive Vice President and Chief Marketing Officer, effective February 1, 2021. Ostrom joins the company with over 15 years of marketing and branding experience, with a passion for driving innovation through creative consumer strategies. Most recently, Ostrom served as Chief Brand Officer for General Nutrition Centers (GNC), where he helped lead the transformation of GNC from a traditional retailer to a global digital brand by modernizing their marketing, eCommerce, innovation, and product development.
Previously, Ostrom served roles at Yum! Brands, Kenmore, Craftsman & DieHard at Sears Holding Corporation, and Reebok. During his time at Yum! Brands, Ostrom helped...
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