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Jack in the Box

Financing

Strong recent sales have Jack in the Box ‘bullish’

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

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.

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

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.

Adrienne Ingoldt was named chief brand and experience officer, Jennifer Kennedy was named chief product and innovation officer and Sarah Super was named chief risk officer.

A lot of the brand’s locations had negative operating income in 2018, and the problem is concentrated in a surprising state, says RB’s The Bottom Line.

CEO Lenny Comma struggled to improve the brand’s relationship with operators, a major hurdle for the burger chain, says RB’s the Bottom Line.

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