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Jack in the Box (Nasdaq: JACK) | Company Profile, History, Competitors

 

Jack in the Box (NASDAQ: JACK) is a QSR hamburger concept. As of 2017, they have 2,251 locations and are concentrated in California and Texas. They have a presence in 21 US states. They have the second leading market share in 8 of its 10 largest markets. It was founded in 1951 and headquartered in San Diego, CA.

The company was founded in 1951 by Robert Peterson. It opened its first location on El Cajon Boulevard in San Diego. The Jack in the Box restaurant concept is focused on combo meals at a value price point.

Business Overview

Jack in the Box has two main segments:
  • Restaurant Sales (75% of 2017 Revenues):  Jack in the Box has 276 company-operated stores. These stores are owned and managed by Jack in the Box employees.
  • Franchises (25% of 2017 Revenues): Jack in the Box has 1,975 franchise-operated stores. The typical franchise agreement is an initial franchise fee and royalty rates based on gross sales. Jack in the Box may offer develop agreements for franchisees for a defined geographic region. Jack in the Box sells the franchisee the restaurant equipment and the right to do business in that location for a specific time. 

Management

Leonard Comma (CEO): Leonard Comma serves as CEO since 2014. Prior, he served in various roles at Jack in the Box, including COO, VP of Operations, VP of Quick Service and Director of Convenience Store.

Lance Tucker (CFO): Lance Tucker serves as CFO since 2018. Prior, he served in various roles at Papa Johns, including CFO, Treasurer, VP of Strategic Planning, and VP of Finance.

Financials

 $ USD in millions    2013    2014 2015 2016 2017
 Revenues $1,490 $1,484 $1,540 $1,599 $1,554 
 Gross Profit $368 $388  $604  $622  $591 
 Operating Profit  $138 $162  $197  $230  $266 
 Net Income $51 $89 $109  $124  $135 
 EPS$1.18  $2.18  $2.89  $3.68  $4.42 
Jack in the Box, Inc.
 
  Ticker     NASDAQ
  Industry Restaurants
  Founded 1951
  Headquarters San Diego, CA
  Locations
2,251 (2017)
  Revenues
$1.6bn (2017)
  Employees 16,600 (2017)
  Website jackinthebox.com