Jack in the Box Continues Expansion in Michigan with 5-Unit Development Deal in Detroit

21.11.24 03:41 Uhr

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Jack in the Box Inc. (NASDAQ: JACK), a leading publicly traded quick-service restaurant company, today announced a five-unit development agreement in the Detroit, Michigan market. This agreement expands on the brand’s previously announced plans to open five locations in West Michigan with another franchisee.

"We are delighted to welcome Maan Almansour and Andi Kareem to our growing franchise family in Michigan,” said Van Ingram, vice president franchise development. "Their passion for the restaurant industry and deep understanding of the Detroit market make them ideal partners to bring our brand to this vibrant city.”

This 5-store development agreement in Detroit, MI builds on the brand’s Michigan momentum with plans already in the works to build five locations in West Michigan over the next five years with the first one slated to open in Battle Creek. This is part of the Midwest expansion for Jack in the Box with two recently opened CloudKitchens in downtown Chicago, IL and additional Chicagoland expansion with eight company-operated units planned and twelve commitments with a new franchisee.

"With approximately 2,200 locations nationwide and the recent success from our new market openings in Salt Lake City and Louisville, we’ve recognized how much pent-up demand Jack in the Box has across the country,” Added Ingram. "We’re an iconic franchise brand with whitespace availability, flexible prototypes, and commitment to growing in the Midwest.”

Jack in the Box is known for its iconic menu that features customer favorites like burgers, tacos, chicken sandwiches, milkshakes, all-day breakfast, and late-night snacking options. The new locations in Detroit will offer dine-in, drive-thru, and mobile ordering options. If you’re interested in growing with Jack in the Box in the Midwest and across the country, please visit www.jackintheboxfranchising.com.

About Jack in the Box

Jack in the Box Inc. (NASDAQ: JACK), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box®, one of the nation's largest hamburger chains with approximately 2,200 restaurants across 22 states, and Del Taco®, the second largest Mexican-American QSR chain by units in the U.S. with approximately 600 restaurants across 16 states. For more information on both brands, including franchising opportunities, visit www.jackintheboxfranchising.com and www.deltacofranchise.com.

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Analysen zu Jack in the Box Inc.

DatumRatingAnalyst
22.08.2019Jack in the Box OutperformTelsey Advisory Group
16.04.2019Jack in the Box OutperformTelsey Advisory Group
26.10.2018Jack in the Box NeutralWedbush Morgan Securities Inc.
14.03.2018Jack in the Box OutperformTelsey Advisory Group
26.01.2018Jack in the Box OutperformWedbush Morgan Securities Inc.
DatumRatingAnalyst
22.08.2019Jack in the Box OutperformTelsey Advisory Group
16.04.2019Jack in the Box OutperformTelsey Advisory Group
14.03.2018Jack in the Box OutperformTelsey Advisory Group
26.01.2018Jack in the Box OutperformWedbush Morgan Securities Inc.
04.10.2017Jack in the Box OutperformTelsey Advisory Group
DatumRatingAnalyst
26.10.2018Jack in the Box NeutralWedbush Morgan Securities Inc.
16.01.2018Jack in the Box Equal WeightBarclays Capital
20.11.2017Jack in the Box NeutralWedbush Morgan Securities Inc.
24.02.2017Jack in the Box Equal WeightBarclays Capital
22.11.2016Jack in the Box Equal WeightBarclays Capital
DatumRatingAnalyst
05.01.2005Update Jack in the Box Inc. : SellSmith Barney Citigroup

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