MK12

Jack in the Box Signs Seven Development Agreements in Q4 of Fiscal Year 2021 to Open 47 Stores

Retrieved on: 
Thursday, October 21, 2021
Retail, Communications, Restaurant, Bar, Commercial Building & Real Estate, Construction & Property, Food, Beverage, Public Relations, Investor Relations, City, NASDAQ, QSR, Leadership, Jack Pack (album), Box, Restaurant, CEO, Growth, MK12, Tunnel, Retail

Jack in the Box Inc. (NASDAQ: JACK), one of the nations leading QSR chains, announced today it has awarded seven development agreements in Q4 of fiscal year 2021 to open 47 new restaurants.

Key Points: 
  • Jack in the Box Inc. (NASDAQ: JACK), one of the nations leading QSR chains, announced today it has awarded seven development agreements in Q4 of fiscal year 2021 to open 47 new restaurants.
  • In total, Jack in the Box has awarded 23 development agreements in fiscal year 2021 to build 111 stores over the course of the next several years.
  • Our franchisees want to grow with Jack in the Box and theres sizable demand for our brand in a variety of markets around the country.
  • Beshay owns 211 Jack in the Box restaurants and plans to open at least 30 additional locations within the next 5-8 years.

Jack in the Box Awards 16 Franchise Development Agreements To Open 64 New Restaurants

Retrieved on: 
Wednesday, August 18, 2021
QSR, Corporate development, Fiscal, Growth, City, MK12, Box, Awareness, Senior, NASDAQ, Goal, Food, SAN, CEO, Restaurant, Tunnel

The announcement follows the relaunch of Jack in the Box's franchise development program earlier this year encouraging existing and new franchisees to grow with the brand.

Key Points: 
  • The announcement follows the relaunch of Jack in the Box's franchise development program earlier this year encouraging existing and new franchisees to grow with the brand.
  • Following an impressive third quarter in which franchise same-store sales increased 10.3%, Jack in the Box is now ramping up development and looking to penetrate markets and build brand awareness.
  • As part of the development agreements, Jack in the Box will enter Salt Lake City, Chicago and Louisville for the first time.
  • The future is very bright at Jack in the Box, and we look forward to awarding more development agreements and opening additional restaurants shortly."