While Jack in the Box (JACK) beat Q1 analyst estimated EPS of $0.43 with $0.61, all is not well. Same restaurant sales were announced to be flat or down 2% during Q2, precipitating a 7.12% one-day drop.
While the stock market may have rebounded, many middle and lower-income earners are still feeling the effects of an economic downturn. This has been translating into stricter adherence to the value menu. As such, some of the most popular value items have been targeted for a sprucing up.
?In April, the company introduced new French fries, a new premium blend of coffee, and improvements to its tacos, per CEO Linda Lang.
While here in California, Jack in the Box QSRs (quick-service restaurants) are ubiquitous, that's not so for most of the nation. States such as Florida have none, while the majority of othe
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Alecia Elliott Kat Von D Ana Paula Lemes Vanessa Simmons Chyler Leigh
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