Latest news with #JackInTheBox
Yahoo
4 days ago
- Business
- Yahoo
Jack in the Box CEO says Hispanic consumers pulling back spending over 'uncertainty'
By Waylon Cunningham (Reuters) -Hispanic consumers in Jack in the Box's core markets "face uncertainty and have pulled back their spending," with the issue having an outsized impact on the U.S. fast-food chain's sales, its CEO said. Same-store sales for Jack in the Box declined 7.1% in the third quarter ended July 6. The company also reported a decline of 2.6% in same-store sales for another taco chain it owns, Del Taco. Jack in the Box CEO Lance Tucker, speaking on an earnings call on Wednesday, separated the pullback of Hispanic consumers from other trends, such as a drop in spending by lower-income consumers that he said was "well in line with industry trends" Tucker said the proportion of Hispanic consumers at Jack in the Box, which has core markets in Texas, California and the U.S. Southwest, is twice as high as some major competitors. Tucker did not specify the "uncertainty" he believes Hispanic consumers are facing. U.S. Immigration and Customs Enforcement officers have been intensifying efforts in recent months to deliver on Republican President Donald Trump's promise of record-level deportations. Rita Fernandez, director of immigration policy at UnidosUS, which describes itself as the largest Latino civil rights group in the country, said many migrants have been withdrawing from public life. "Jack in the Box is a favorite destination and dining choice for many Hispanics," she said, but "a day laborer who is undocumented maybe isn't going to take that lunch break at Jack in the Box if he doesn't know if he'll encounter ICE on the way." Tucker said the pullback in spending from Hispanic consumers has been "pretty consistent" since the beginning of the year. Trump's second term began in January. The timeline is consistent with what Wingstop CEO Michael Skipworth said last week, when he said areas with a high proportion of Hispanic and low-income consumers have had weaker demand since the beginning of the year. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
4 days ago
- Business
- Reuters
Jack in the Box CEO says Hispanic consumers pulling back spending over 'uncertainty'
Aug 7 (Reuters) - Hispanic consumers in Jack in the Box's (JACK.O), opens new tab core markets "face uncertainty and have pulled back their spending," with the issue having an outsized impact on the U.S. fast-food chain's sales, its CEO said. Same-store sales for Jack in the Box declined 7.1% in the third quarter ended July 6. The company also reported a decline of 2.6% in same-store sales for another taco chain it owns, Del Taco. Jack in the Box CEO Lance Tucker, speaking on an earnings call on Wednesday, separated the pullback of Hispanic consumers from other trends, such as a drop in spending by lower-income consumers that he said was "well in line with industry trends" Tucker said the proportion of Hispanic consumers at Jack in the Box, which has core markets in Texas, California and the U.S. Southwest, is twice as high as some major competitors. Tucker did not specify the "uncertainty" he believes Hispanic consumers are facing. U.S. Immigration and Customs Enforcement officers have been intensifying efforts in recent months to deliver on Republican President Donald Trump's promise of record-level deportations. Rita Fernandez, director of immigration policy at UnidosUS, which describes itself as the largest Latino civil rights group in the country, said many migrants have been withdrawing from public life. "Jack in the Box is a favorite destination and dining choice for many Hispanics," she said, but "a day laborer who is undocumented maybe isn't going to take that lunch break at Jack in the Box if he doesn't know if he'll encounter ICE on the way." Tucker said the pullback in spending from Hispanic consumers has been "pretty consistent" since the beginning of the year. Trump's second term began in January. The timeline is consistent with what Wingstop CEO Michael Skipworth said last week, when he said areas with a high proportion of Hispanic and low-income consumers have had weaker demand since the beginning of the year.
Daily Mail
6 days ago
- Business
- Daily Mail
In-N-Out humiliated by little-known underdog in burger rankings
In-N-Out Burger's standings in the fast food industry keep sinking now that its Double-Double has slipped... again. The Double-Double's ranking dropped two places to number four on USA Today's list of best fast food burgers. The In-N-Out Burger offering made with two slices of cheese and beef patties along with onions, tomato, lettuce, and signature sauce finished behind Jack in the Box, A&W, and Habit Burger & Grill. Like last year, Habit Burger & Grill topped the list with its fan favorite Double Char, which comes with two hamburgers, onions, lettuce, tomato, and pickles. A&W and Jack in the Box were praised for its Papa Burger and Jumbo Jack Cheeseburger, coming in at number three and four respectively. Culver's rounded out the top 5 with its double ButterBurger with cheese after missing out on the list last year. Five Guys' cheeseburgers were kicked out of the top five this year even though it continues to be a popular offering. Shake Shack also created a massive shakeup by ranking seventh with its ShakeBurger, made with lettuce, tomato, cheese, and signature sauce. Freddy's Frozen Custard and Steakburgers' Original Double jumped into the list at number 8. Made with steakburger patties, cheese, onion, pickles, and mustard, the offering has been a longtime fan favorite order. Burger King managed to finish ninth in the ranking with its Whopper, even after experiencing a 1.3 percent drop in North American sales. However, its signature item continues to be popular, and may have helped now-shuttered restaurants rake in earnings. Whataburger finished the top 10 with its signature Double Meat Whataburger, made with never-frozen meat, tomato, lettuce, onions, pickles and mustard. Multiple chains in this year's ranking kicked out prominent brands like White Castle, Carl's Jr. and BurgerFi, a top brand that filed for bankruptcy last year. Multiple chains have had financial ups and downs this year, including Jack in the Box, which is planning to shutter between 150 and 200 locations. While In-N-Out has beaten the odds and expanded, CEO Lynsi Snyder sparked outrage after deciding to move the company to Tennessee.
Yahoo
7 days ago
- Business
- Yahoo
Jack in the Box (JACK) Reports Q2: Everything You Need To Know Ahead Of Earnings
Fast-food chain Jack in the Box (NASDAQ:JACK) will be announcing earnings results this Wednesday after market hours. Here's what investors should know. Jack in the Box missed analysts' revenue expectations by 1.4% last quarter, reporting revenues of $336.7 million, down 7.8% year on year. It was a slower quarter for the company, with a slight miss of analysts' same-store sales estimates. Is Jack in the Box a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Jack in the Box's revenue to decline 7.9% year on year to $340 million, in line with the 7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.17 per share. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 7 downward revisions over the last 30 days (we track 14 analysts). Jack in the Box has missed Wall Street's revenue estimates five times over the last two years. Looking at Jack in the Box's peers in the traditional fast food segment, some have already reported their Q2 results, giving us a hint as to what we can expect. El Pollo Loco delivered year-on-year revenue growth of 3%, beating analysts' expectations by 0.6%, and Domino's reported revenues up 4.3%, in line with consensus estimates. El Pollo Loco traded up 1.4% following the results while Domino's was also up 3%. Read our full analysis of El Pollo Loco's results here and Domino's results here. Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the traditional fast food stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 6.3% on average over the last month. Jack in the Box is down 3.8% during the same time and is heading into earnings with an average analyst price target of $28.78 (compared to the current share price of $19.01). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
Yahoo
24-07-2025
- Business
- Yahoo
3 Hyped Up Stocks with Warning Signs
The stocks featured in this article are seeing some big returns. Over the past month, they've outpaced the market due to new product launches, positive news, or even a dedicated social media following. But not every company with momentum is a long-term winner, and plenty of investors have lost money betting on short-term fads. On that note, here are three stocks getting more buzz than they deserve and some you should buy instead. Nextdoor (KIND) One-Month Return: +18.9% Helping residents figure out what's happening on their block in real time, Nextdoor (NYSE:KIND) is a social network that connects neighbors with each other and with local businesses. Why Do We Pass on KIND? Choice to prioritize new users over monetization has resulted in weak growth in its average revenue per user Suboptimal cost structure is highlighted by its history of EBITDA margin losses Cash-burning tendencies make us wonder if it can sustainably generate shareholder value Nextdoor's stock price of $1.89 implies a valuation ratio of 3.5x forward price-to-gross profit. Dive into our free research report to see why there are better opportunities than KIND. Jack in the Box (JACK) One-Month Return: +40.2% Delighting customers since its inception in 1951, Jack in the Box (NASDAQ:JACK) is a distinctive fast-food chain known for its bold flavors, innovative menu items, and quirky marketing. Why Is JACK Risky? Poor same-store sales performance over the past two years indicates it's having trouble bringing new diners into its restaurants Efficiency has decreased over the last year as its operating margin fell by 24.2 percentage points High net-debt-to-EBITDA ratio of 10× could force the company to raise capital at unfavorable terms if market conditions deteriorate At $25 per share, Jack in the Box trades at 4.7x forward P/E. To fully understand why you should be careful with JACK, check out our full research report (it's free). Alta (ALTG) One-Month Return: +31.4% Founded in 1984, Alta Equipment Group (NYSE:ALTG) is a provider of industrial and construction equipment and services across the Midwest and Northeast United States. Why Do We Steer Clear of ALTG? 5.8% annual revenue growth over the last two years was slower than its industrials peers Cash-burning history makes us doubt the long-term viability of its business model Unfavorable liquidity position could lead to additional equity financing that dilutes shareholders Alta is trading at $7.83 per share, or 1.4x forward EV-to-EBITDA. Check out our free in-depth research report to learn more about why ALTG doesn't pass our bar. High-Quality Stocks for All Market Conditions Trump's April 2024 tariff bombshell triggered a massive market selloff, but stocks have since staged an impressive recovery, leaving those who panic sold on the sidelines. Take advantage of the rebound by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
