1314 ET - Jack in the Box's weaker-than-expected guidance for F2025 is an opportunity for the fast-food chain to meet, and beat, its forecast, UBS analysts say in a research note. Despite ongoing macro headwinds, trends are improving so far in F1Q. The company is expecting positive same-store sales in the current fiscal year, and management has initiatives like digital and loyalty enhancements; increased value and promotions; new menu items; and store remodels, that can drive momentum, the analysts write. Catalysts such as sales initiatives, tightened margins and store openings should further help Jack in the Box catch up to its competitors, they add. Jack in the Box rises 4.8%. (connor.hart@wsj.com)
(END) Dow Jones Newswires
November 21, 2024 13:14 ET (18:14 GMT)
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