Jack in the Box

Financing

With sales surging and a franchisee dispute settled, Jack in the Box looks to grow

The chain hopes happier franchisees will add units for the first time in years now that sales and profits are up.

Financing

Jack in the Box settles its dispute with franchisees

The National Jack in the Box Franchisee Association won some concessions from the franchisor as they settle a nearly two-year-old lawsuit.

He will leave the company within the next six weeks. The company plans a search for his successor.

Same-store sales rose more than 8% in the week ended May 10 as consumers readjusted to the pandemic shutdown and made larger orders.

Jack in the Box

The former CiCis CEO takes over for the retiring Lenny Comma, while Dave Goebel was named nonexecutive chairman.

But the fast-food chain’s same-store sales are down 17% over the past five weeks as it takes steps to help its franchisees.

Restaurants continue to come up with creative ways to deal with COVID-19.

The company said the new product, introduced a month ago, has helped it regain some of the value it lost when it raised taco prices.

Diners crave both healthier fare and comfort foods in winter.

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