With Darrin Harris at the helm, Jack in the Box (NASDAQ: JACK) is primed and ready for expansion. He’s been streamlining processes everywhere, with an eye toward expanding the franchise system and penetrating new areas. His goals include expanding and standardizing the menu, expanding into online sales, and continuing the momentum started in 2022.
Results from McDonald’s (NYSE: MCD) and Wendy’s (NASD: WEN) show that fast food is doing well, and this company is on track to expand at least as quickly as the industry leaders. Its payout is smaller than Wendy’s, and its stock price is lower than Wendy’s as well.
Comparatively, Jack in the Box is a good deal and offers about the same as McDonald’s. The stock is either significantly underperforming or on pace to make up some ground.
“We are… enthusiastic about the momentum we are creating for 2023 and our ongoing transformation story,” said Darin Harris, CEO of Jack in the Box. “Strong top-line performance, enhanced restaurant metrics, and a rousing start to the year were all results of the effective implementation of our marketing, operations, and growth strategies.
We are well positioned to deliver meaningful systemwide sales growth in 2023 and improve franchise profitability despite the difficult operating environment, thanks to the combination of increased traffic, strong comparables, and a positive net un.”
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