May 15, 2015 Comments Off on Jack in the Box Profits Soar Views: 354 California News, San Diego

Jack in the Box Profits Soar

San Diego-based fast-food chain Jack in the Box posted a 45 percent year-over-year profit gain during its second quarter, hitting $23 million. Additionally, same-store sales were up 8.9 percent.

Company officials credit the strong quarter, in part, to the introduction of the Buttery Jack burgers, which are topped with garlic butter and were heavily promoted during the Super Bowl.

The company plans to sell more of it restaurants to franchisees, which now own about 82 percent of its 2,200 units. The company plans to open 12 to 20 of its namesake restaurants over the course of the year.

It Qdoba Mexican Grill concept posted a same-store sales increase of 8.3 percent. The company plans to 50 to 60 new units to that chain, which currently operates 600 restaurants.

Read More at UTSanDiego.com

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