High unemployment still hampering chain's sales
Jack in the Box Inc. lowered its outlook for fiscal 2010, saying that high unemployment was continuing to hurt sales at its flagship fast-food brand. Sales at the company's Qdoba Mexican Grill chain, however, are exceeding expectations with consumers spending more in the fast-casual segment, Jack in the Box said Wednesday in reporting third-quarter results. Linda Lang, the company's chairman, president and chief executive, said the company is intensifying efforts around Jack in the ...
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Contact: Desiree Torres Desiree.Torres@penton.com