JACK on Expansion Spree in Michigan, to Open New Units in Detroit

Zacks11-21 23:27

Jack in the Box Inc. JACK has announced that it is expanding on its prior development agreements to open franchisee locations in West Michigan. The recently announced agreement highlights the opening ...

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The recently announced agreement highlights the opening ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jack-expansion-spree-michigan-open-152700799.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JACK on Expansion Spree in Michigan, to Open New Units in Detroit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJACK on Expansion Spree in Michigan, to Open New Units in Detroit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-21 23:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jack-expansion-spree-michigan-open-152700799.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Jack in the Box Inc. JACK has announced that it is expanding on its prior development agreements to open franchisee locations in West Michigan. The recently announced agreement highlights the opening ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jack-expansion-spree-michigan-open-152700799.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SFM","symbol_name":"Sprouts Farmers Market Inc","start_time":0,"source_url":"https://finance.yahoo.com/news/jack-expansion-spree-michigan-open-152700799.html","article_id":"2485410522","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/LgKIdb5FhP_jxqkAHFmdLQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/2c83a28ed5f9e1d5dc655c7e2f55352b"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485410522","pubTimestamp":1732202820,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Jack in the Box Inc. JACK has announced that it is expanding on its prior development agreements to open franchisee locations in West Michigan. The recently announced agreement highlights the opening of five new stores in the Detroit, MI, market with different franchisees.The five new locations will offer dine-in, drive-thru and mobile ordering options, ensuring top-tier services for customers.Before signing the five-unit development agreement in Detroit, JACK already started its expansion plans with five locations in West Michigan. These locations are currently under construction and are expected to open over the next five years, with the first one scheduled to open in Battle Creek.Furthermore, the company recently opened two Cloud Kitchens in downtown Chicago, IL, and is on track for additional Chicagoland expansion. The expansion in Chicagoland will underscore the planned opening of eight company-operated units and 12 commitments with a new franchisee.The moves mentioned above conde","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SFM":"Sprouts Farmers Market Inc","LU1559883803.SGD":"Aberdeen Standard SICAV I - North American Smaller Companies Fund A Acc SGD-H","BK4588":"碎股","BK4146":"鞋类","DECK":"Deckers Outdoor Corporation","BK4209":"餐馆","BK4113":"食品零售","BK4532":"文艺复兴科技持仓","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","JACK":"Jack In The Box Inc","SHAP.U":"Spree Acquisition Corp. I Ltd.","LU0566484027.USD":"安本美国小盘成长股","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","EAT":"布林克国际","BK4567":"ESG概念","BK4585":"ETF&股票定投概念","LU2355687059.USD":"NORDEA 1 GLOBAL IMPACT  \"BP\" (USD) ACC"},"translate_title":"杰克在密歇根州大肆扩张，将在底特律开设新单位","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EAT":1,"SHAP.U":1,"SFM":1,"JACK":1,"DECK":1},"content_text":"Jack in the Box Inc. JACK has announced that it is expanding on its prior development agreements to open franchisee locations in West Michigan. The recently announced agreement highlights the opening of five new stores in the Detroit, MI, market with different franchisees.The five new locations will offer dine-in, drive-thru and mobile ordering options, ensuring top-tier services for customers.\nJACK’s Anticipated Openings in Michigan\nBefore signing the five-unit development agreement in Detroit, JACK already started its expansion plans with five locations in West Michigan. These locations are currently under construction and are expected to open over the next five years, with the first one scheduled to open in Battle Creek.Furthermore, the company recently opened two Cloud Kitchens in downtown Chicago, IL, and is on track for additional Chicagoland expansion. The expansion in Chicagoland will underscore the planned opening of eight company-operated units and 12 commitments with a new franchisee.The moves mentioned above condense toward JACK’s plan on expanding into the Midwest market of the United States. Given the trajectory of new location openings, it can be understood that the company is positioning itself well to expand its market reach and customer base in the country, thus fostering sales growth.\nJack in the Box’s Development Efforts Bode Well\nJack in the Box continues to collaborate with its franchisees and leverage guest insights to ensure value remains a competitive advantage for both brands. Its restaurants are primarily franchised, highlighting that franchising a large chunk of its system will lower its general and administrative expenses and boost earnings.In fiscal 2024, JACK opened 30 new restaurants, including 16 new restaurant openings during the fourth quarter. Since the launch of the development program in 2021, the company has signed 101 agreements for 464 restaurants, with 51 already opened as of the end of the fiscal fourth quarter. It emphasized rapid expansion plans in the Chicago market, with intentions to open eight company-operated locations in the calendar year 2025, along with entering into an agreement with a new franchisee for 12 restaurants. It also, expects to enter the Florida market by the end of calendar year 2024.\nImage Source: Zacks Investment Research\nJACK stock has declined 10.4% in the past three months against the Zacks Retail - Restaurants industry’s 5.5% growth. The company is affected by softer sales performance due to a decrease in transactions and an unfavorable menu mix, given the uncertain market scenario regarding discretionary spending. Nonetheless, the company’s ongoing unit development efforts, focus on delivery channel strengthening and menu innovation are likely to boost growth in the upcoming period.\nJACK’s Zacks Rank & Key Picks\nJack in the Box currently carries a Zacks Rank #3 (Hold).Here are some better-ranked stocks from the Zacks Retail-Wholesale sector.Deckers Outdoor Corporation DECK currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.DECK has a trailing four-quarter earnings surprise of 41.1%, on average. The stock has gained 18.5% in the past six months. The Zacks Consensus Estimate for DECK’s fiscal 2025 sales and earnings per share (EPS) indicates growth of 13.6% and 12.6%, respectively, from the year-ago period’s levels.Brinker International, Inc. EAT presently flaunts a Zacks Rank of 1. EAT has a trailing four-quarter earnings surprise of 12.1%, on average. The stock has surged 93.3% in the past six months.The consensus estimate for EAT’s fiscal 2025 sales and EPS indicates growth of 7.9% and 34.6%, respectively, from the year-ago period’s levels.Sprouts Farmers Market, Inc. SFM currently sports a Zacks Rank of 1. SFM has a trailing four-quarter earnings surprise of 15.3%, on average. The stock has risen 80.3% in the past six months.The Zacks Consensus Estimate for SFM’s 2024 sales and EPS indicates a rise of 12.2% and 29.6%, respectively, from the year-ago period’s levels.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nJanus Henderson Sustainable & Impact Core Bond ETF (JACK) : Free Stock Analysis Report\nBrinker International, Inc. (EAT) : Free Stock Analysis Report\nDeckers Outdoor Corporation (DECK) : Free Stock Analysis Report\nSprouts Farmers Market, Inc. (SFM) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485410522"}