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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...
Jack In the Box Reports Fourth Quarter FY 2020 Earnings
Jack in the Box Inc. reported financial results for the fourth quarter and fiscal year ended September 27, 2020.
Jack in the Box system same-store sales increased 12.2 percent for the quarter. Company same-store sales increased 9.6 percent in the fourth quarter driven by average check growth of 21.9 percent while transactions decreased 12.3 percent. Improvement in company same-store sales as compared with...
Jack in the Box Introduces Plant-Based Chicken Sandwich
Jack in the Box and Raised & Rooted are announcing the exclusive debut of the Jack's Unchicken and Jack's Spicy Unchicken sandwiches at select locations in Monterey and Salinas, California, and Reno, Nevada. The sandwiches are the first-ever plant-based "unchicken" sandwiches introduced by a quick service restaurant. Raised & Rooted is Tyson Foods' brand of alternative protein products launched in 2019.
Made from pea protein isolate and Jack in the Box's traditional crispy breading, the Unchicken sandwiches deliver mouthwatering taste with a savory crunch and texture sure to rival the competition. The sandwiches are available in two varieties, regular and spicy, and will be available...
Jack in the Box Announces Departure of CFO
Jack in the Box announced that Lance Tucker, Executive Vice President and Chief Financial Officer, has provided his intent to resign and will be leaving the company effective within the next six weeks. The company has initiated a search for a new Chief Financial Officer. While the company searches to identify a successor, the senior members of the company’s finance department will assume Tucker’s responsibilities on an interim basis.
Dawn Hooper, the company’s controller, has been appointed to principal financial officer effective on Tucker’s last day. Hooper has been with Jack in the Box Inc. for almost 20 years, with her tenure in leadership positions within finance. She, in conjunction with Sean Bogue, the company’s treasurer, will ensure...
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