Jack in the Box Inc. said commodity cost pressures look to be worse than expected this year, and that any resulting menu price increases would have to be “modest and targeted.” In a call to investors on Thursday, following the company’s release Wednesday of better-than-expected first-quarter results, Jack in the Box said commodity cost increases for 2011 are now expected to be twice what had been previously projected. In November, company officials had projected that ...
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Contact: Desiree Torres Desiree.Torres@penton.com