NasdaqGS:JACKHospitality
Why Jack in the Box (JACK) Is Down 5.1% After Weak Sales and "Jack on Track" Turnaround Plan
Jack in the Box recently reported disappointing fourth quarter results, with revenue falling to US$326.19 million and net income dropping to US$5.8 million, alongside a 7.4% decline in same-store sales amid ongoing operational restructuring and restaurant closures.
The company unveiled its "Jack on Track" turnaround plan, which includes retraining its workforce, reimaging restaurants, new product launches, and a focus on value-oriented menu items in an effort to regain customer traffic and...