Jack in the Box Inc is a fast-food restaurant chain that specializes in a diverse menu of burgers, tacos, breakfast items, and other quick-service foods
Founded in the United States, the company is known for its innovative marketing and unique product offerings, catering to a wide range of customer preferences. With a focus on convenience and speed, Jack in the Box operates numerous locations across the country, providing drive-thru and dine-in options to meet the demands of a fast-paced lifestyle. The brand is recognized for its playful advertising campaigns and commitment to delivering quality and value to its customers.
Shareholders of Jack in the Box would probably like to forget the past six months even happened. The stock dropped 25.4% and now trades at $38.50. This was partly due to its softer quarterly results and might have investors contemplating their next move.
Barclays analyst Jeffrey A. Bernstein highlights key trends for U.S. restaurants in 2025, including mixed earnings results, easing inflation, and consumer outlook uncertainty.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the traditional fast food industry, including Jack in the Box (NASDAQJACK) and its peers.
Jack in the Box Inc. offered disappointing guidance when it reported its fourth quarter and full-year 2024 results on November 20. The fast-food company pointed to a “difficult top-line macro environment” as part of the reason for its showing.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at El Pollo Loco (NASDAQLOCO) and its peers.
Fast-food chain Jack in the Box (NASDAQJACK) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 6.2% year on year to $349.3 million. Its GAAP profit of $1.12 per share was 1.1% below analysts’ consensus estimates.
U.S. stock markets saw a strong recovery on Tuesday, with both the S&P 500 and the Nasdaq 100 climbing over 2%, nearly offsetting Monday’s losses. Investors took advantage of recent volatility to buy the dip, showing continued confidence in the U.S. economy’s ability to avoid a recession.
"Today's value push is seemingly born out of necessity following year of inflationary pressure that is increasingly weighing on cost-conscious consumers," KeyBanc said.
Beyond Meat faces challenges as Carl's Jr. and Del Taco reportedly drop its plant-based beef due to declining sales. Most of Carl's Jr.'s 1,000+ locations stopped offering the Beyond Burger, initially launched in 2019. Del Taco also ceased Beyond Meat offerings in nearly 600 locations. Despite this, Beyond Meat is hopeful, banking on new product developments and pricing strategies to regain consumer interest.
