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Jack in the Box sees positive same-store sales growth for quarterJack in the Box sees positive same-store sales growth for quarter

The quick-service brand added 98 new franchise agreements to the pipeline during the start of the fiscal year

Holly Petre, Assistant Digital Editor

February 23, 2022

1 Min Read
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Quick-service chain Jack in the Box saw 1.2% growth in same-store sales during the first quarter of 2022, the restaurant announced on Wednesday during its earnings call.

“I am proud of the resilience demonstrated by our franchisees, operators and corporate team members in delivering for our guests during a difficult period,” Jack in the Box CEO Darin Harris said in a release. “We remain highly focused on fundamentals, franchisee health and showing progress on our long-term restaurant growth goals.”

The first quarter of 2022, which ended on Jan. 23, was up 13.7% on a two-year-over-year basis.

Systemwide sales for the first quarter increased 0.6% and were driven by positive results in same-store sales but partially offset by a slight decline in net restaurants.

In the first quarter, there were 26 franchise deals signed for a total of 98 units, the “highest level of restaurant commitments in company history” according to a company release since the franchise development program launched in mid-2021. That brings the total number of stores in the pipeline to 201.

However, the company has a net restaurant decline of 10 restaurants with 12 restaurants closing and two new restaurant openings in the quarter. The 12 restaurant closures included two company-operated, six franchises related to early terminations and four agreement expirations.

Jack in the Box currently has 2,218 restaurants, according to the company.

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About the Author

Holly Petre

Assistant Digital Editor

Holly Petre is a digital editor for Nation’s Restaurant News as well as the host of NRN’s podcast, Extra Serving, and producer for Informa Restaurant and Food Group’s other three podcasts, One On One by Food Management, Off the Shelf with SN and In the Kitchen with Bret Thorn. Holly holds a Bachelor of Fine Arts with a concentration in Sculpture, fibers and Material Studies and Ceramics from the School of the Art Institute of Chicago. A native New Yorker, Holly enjoys her place on staff as the resident pop-culture expert and millennial with a sassy attitude and great sense of style.

Holly Petre’s work on Nation’s Restaurant News and Restaurant Hospitality often covers marketing and trends, either aimed-at or examined-through the millennial mindset. Holly is responsible for introducing TikTok and Twitch to NRN and RH readers as well as explaining terms like “Karen” to staff and readers alike. She also spends her time on staff trying not to make every headline a pun.

Holly Petre hasn’t spoken at any events or on panels, but she is readily available with a killer shoe wardrobe and several witty quips.

 

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