Jack in the Box Inc. (NASDAQ:JACK), based in San Diego, is a restaurant company that operates and franchises Jack in the Box restaurants, one of the nation’s largest hamburger chains, with more than 2,200 restaurants in 21 states and Guam, and Qdoba Mexican Eats, a leader in fast-casual dining, with more than 600 restaurants in 47 states, the District of Columbia and Canada.
The company recently reported second quarter results with operating earnings per share exceeding the management’s expectations. It has distinguished itself from its peers and has been able to carve a niche for itself. It is making continuous efforts to reposition itself in the fast-food industry. The company witnessed solid sales performance at Qdoba company restaurants, which was driven by traffic growth. Jack in the Box brand witnessed flat same-store sales during the quarter. Continue Reading »