Del Taco

Financing

At Jack in the Box, sales improvement with some California headwinds

California’s $20 fast-food wage is costing company restaurants $15 million, and franchisees a lot more. That’s putting a damper on some recent sales improvement.

Financing

California holds some surprises for Jack in the Box

Profitability for the burger chain and its sister concept, Del Taco, declined in the quarter, thanks to the state’s fast-food wage. But California was one of the company’s best sales markets.

Jordan Qsar, Grant Witherspoon, Chase Lambert and Austin Bernard were accused of trading stocks after learning that the Mexican restaurant chain would be sold to Jack in the Box.

The 600-unit taco chain began testing the technology from Presto in 2022 and said last year that it was exceeding expectations.

The burger chain believes it has room for a lot more locations that generate a lot more revenue. Here’s how the company plans to do that.

The burger chain says it expects to counter wage hikes in the state with a combination of price, margin and loyalty. But how will it affect transactions?

Behind the Menu: The Mexican chain developed shredded beef birria to launch in a traditional taco and quesadilla, but then chef Jeremias Aguayo gave it a decidedly Asian spin.

The chairman of Biglari Holdings, the owner of Steak n Shake, has acquired 5.5% of the shares in the fast-food chain operator. But the investment is passive, for now.

The 600-unit Mexican chain said the technology from Presto has exceeded expectations. It’s another step forward for restaurant automation.

Charges come while the quick-service chain is under a settlement agreement related to an earlier case to ensure workers are safe and have procedures for reporting inappropriate behavior.

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