2/17/2024 0 Comments Jack in box corporateThese estimates and assumptions involve known and unknown risks, uncertainties, and other factors that are in some cases beyond our control. These statements are based on management’s current expectations, estimates, forecasts and projections about our business and the industry in which we operate. Forward-looking statements may be identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “goals,” “guidance,” “intend,” “plan,” “project,” “may,” “will,” “would” and similar expressions. This press release contains forward-looking statements within the meaning of the federal securities laws. For more information on both brands, including franchising opportunities, visit and Category: Corporate with approximately 600 restaurants across 15 states. (NASDAQ: JACK), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box ®, one of the nation's largest hamburger chains with more than 2,200 restaurants across 21 states, and Del Taco ®, the second largest Mexican-American QSR chain by units in the U.S. “Jack in the Box franchisees are feeling as energized to grow as we have in many years,” said David Beshay, a longtime franchisee in the Jack in the Box system who operates 225 restaurants. In addition, Jack in the Box welcomed the first new franchisee in over a decade into its system, who recently signed development agreements to build 37 new restaurants in Baton Rouge, the Carolinas and Nashville. Jack in the Box has signed 68 development agreements for a total of 267 new restaurants since officially launching its development program just over a year ago with 155 of those commitments signed within the last 12 months – setting a single-year record. “Success in new markets will be key to building further excitement and momentum within our system, while gaining on our objective of having Jack in the Box operating in 40 states by 2030.” “We are very focused on ensuring the two new market openings in 2023 are successful for our brand, our franchisees, and most importantly, the guests we will be now serving in Salt Lake City and Louisville,” said Tim Linderman, Jack in the Box chief development officer. Both will be key to Jack in the Box growth, something that has eluded the brand in its recent history, as well as energizing franchisees to take similar models into more untapped territories in the future. Louisville, KY, a true “whitespace” territory in a part of the country with less proximity to existing core territories, will open later in the year. Salt Lake City, UT, an example of a market with strong familiarity and demand for the brand, will open in early 2023 with both franchise and company-owned locations. In addition to restaurant growth within current core territories, Jack in the Box will also introduce the brand to customers in two brand new markets in 2023. “Through rebuilding franchisee relationships, and pairing franchise and company resources to enter new markets in a position of strength, we are starting to see results – and I couldn’t be more excited about our future as a growth brand. “We are thrilled that, in just a short couple of years, Jack in the Box is expected to take its first major step in recognizing our growth potential by turning net unit growth positive for the first time in four years,” said Darin Harris, chief executive officer. The long-term economic proposition of a Jack in the Box restaurant is creating a resurgence of demand for growth, and current and potential franchisees are taking notice. (NASDAQ: JACK) today, as part of its fourth quarter earnings, announced its expectation of positive net unit growth in 2023, a sign that its growth strategies are beginning to take shape and drive results. SAN DIEGO-( BUSINESS WIRE)- Jack in the Box Inc.
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