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Jack In The Box Inc. stock price
Jack In The Box Inc. latest news:
BRIEF-Jana Partners Reports 7.3 Percent Stake In Jack In The Box
Jack In The Box Inc(JACK): * JANA PARTNERS LLC REPORTS 7.3 PERCENT STAKE IN JACK IN THE BOX INC AS OF FEB 5 - SEC FILING. * JANA PARTNERS LLC ACQUIRED JACK IN THE BOX INC SHARES BECAUSE IT BELIEVES SHARES ARE UNDERVALUED.
BRIEF-Lance Tucker To Join Jack In The Box As CFO
* LANCE F. TUCKER TO JOIN JACK IN THE BOX INC. AS CHIEF
Papa John's CFO to leave for same role at Jack in the Box
Papa John's International Inc(PZZA) said on Tuesday Chief Financial Officer Lance Tucker would leave the pizza chain operator in March to take up the same position at restaurant chain operator Jack in the Box Inc. Tucker's exit marks the second high profile departure at Papa John's (PZZA) in less than a month after founder John Schnatter stepped down as chief executive last December following criticism on h...
Papa John's CFO departs for Jack in the Box
Papa John's International Inc. Chief Financial Officer Lance Tucker is leaving the company March 2, to take the CFO job at Jack in the Box Inc. , Papa John's said late Tuesday. Papa John's stock was down 3.3% to $58.45 after hours. Tucker's exit follows former Chief Executive John Schnatter's decision to resign the top boss position as of Jan. 1. Papa John's president Steve Ritchie replaced Schnatter in the CEO spot. Papa John's stock has lost 29% in the past 12 months, as the S&P 500 index rose 23%.
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Jack in the Box downgraded on competition with McDonald's
Jack in the Box Inc. was downgraded to neutral from buy at BTIG based on the competition the restaurant chain faces from McDonald's Corp. . "While Jack in the Box has announced its own redesigned value platform to more effectively compete, we believe the size and scale of the McDonald's system and its advertising will win out," wrote BTIG analysts led by Peter Saleh. McDonald's new Dollar Menu, with $1, $2 and $3 price points is expected to snap up market share. Jack in the Box shares are down 1.5% in Tuesday trading, and down 13.4% for the past year. McDonald's shares are up 42% for the last 12 months, outpacing the S&P 500 index , which is up 20.1% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Jack in the Box sells struggling Qdoba for $305 million
Fast-food chain Jack in the Box has agreed to sell its ailing fast-casual brand, Qdoba, to an investment firm.
Jack in the Box to sell Qdoba for $305 million
Restaurant chain operator Jack in the Box said it would sell its Qdoba Restaurant Corp to funds affiliated with Apollo Global Management for about $305 million in cash. Julia Sun reports.
Video provided by Reuters
Jack in the Box Unloads Qdoba to Private Equity Firm
Jack in the Box shares plunge after revenue miss
Shares of Jack in the Box Inc. fell 6% late Wednesday after the fast-food chain missed Wall Street expectations for fourth-quarter revenue and reported falling same-store sales. Jack in the Box said it earned $30 million, or $1.01 a share, in the quarter, compared with $32 million, or 97 cents a share, a year ago. Revenue fell to $338.7 million, from $398.4 million a year ago. Analysts polled by FactSet had expected earnings of 91 cents a share on sales of $341 million. "Our fourth quarter operating results concluded a challenging year for both brands. Our key initiatives in 2018 will be focused on regaining momentum in a highly competitive environment," Chief Executive Lenny Comma said in a statement. Same-store sales at Jack in the Box restaurants fell 1%, while it were down 2.1% at Qdoba restaurants. The company said its board of directors, with assistance from Morgan Stanley bankers, has made "substantial progress in its evaluation of potential alternatives" for Qdoba, although there are no guarantees the evaluation will result in a deal or any other course of action. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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