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Jack In The Box – The Fast Food Company That Enjoys An Ever Growing Customer Base
The American based Jack in the box is a popular company in the business of fast food. Established in 1951, it has its head quarter in San Diego, and serves hamburgers, chicken nuggets, tacos and many more mouthwatering foodstuffs. Currently, it owns more than 2200 fast food joints in over twenty-one states in the USA. The company also has its presence in parts of Cambodia a well as Canada.
Qdoba Mexican Eats Restaurant is a subsidiary company, which is owned by Jack in the box. It is one of the leading companies in the fast food business and is multiplying its restaurants and quick joints day by day. Not surprisingly, it is soon to become the most popular fast food chain in USA.
Jack In The Box (NASDAQ:JACK), is getting better in terms of total revenues and EPS have been thriving in the market with every fiscal year. Compared to 2014, when it earned revenue of $1,484 million, followed by 2015, with revenue $1,540 million, the company has yet again done exceptionally well with an annual revenue of approximately $1.6 million in the fiscal 2016. Its Earning Per Share or EPS (3.63) for 2016 also improved appreciably as compared to 2.85 in 2015 and 2.12 in 2014. Likewise, it did quite will in its net income that came out to be $124.07 million in 2016 as compared to $108.81 million in 2015 and $88.95 million in 2014. Currently the market value of JACK’s shares in $107.32, and is expected to grow in the coming times.
The celebrated fast food and restaurant chain is the proud owner of 2200 quick service restaurants in around 21 states of the USA. It also has 700 restaurants in the states of Columbia and Canada and also in 47 states. This company was founded by Robert O. Peterson. Ever since its establishment, many companies invested significant shares in Jack in the box. Moreover, it got recognition as a fast casual restaurant category because of its acquisition of Qdoba Mexican Eats Restaurant.
Jack in the box offers a pretty decent rate for all the items that it serves like salads, burgers, fries and even soft drinks. It even offers breakfast menus. The service is open at this restaurant for 18 to 24 hours for most of its others franchises and restaurants. Jack in the box seems to have acquired the status of being the favorite restaurant of many people due to its tasty food and quality service. The taste of the food is well maintained and thus it is becoming day by day. The top three major investors in the company include T. Rowe Associates Inc., The Vanguard Group Inc. and BlackRock Institutional Trust Company, N.A.
How it originated?
Founded way back in 1951 by Robert O. Peterson, the company has mustered an exceptional customer base throughout these 66 years. Peterson started the first branch of this restaurant in San Diego, which remains the headquarters of Jack in the box. Eventually, the popular food chain expanded and many Ralston Purina got associated with it, thereby playing a major role in its expansion. After the change in its ownership, the company further acquired Qdoba Mexican Eats restaurants, and now is successfully crossing benchmarks.
How does it work?
Jack in the box aims at making the fast food chain one of the biggest fast food chains and thus offers franchises to capable businessmen. Its franchises are spread all over the USA and slowly Jack in the box is making its global presence. It has already made its mark in Canada and District of Columbia. It offers a perfect opportunity for many people who are looking to do a job or business. Due to the wide spreading business, it has created a lot of employment all over the country. With a professional team for each of its departments, Jack in the box has managed to maintain the same quality of food as well as service in 66 years and continues to do that further.
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