Profile: Jack in the Box Inc. (JACK.O)

Jack in the Box Inc. is a restaurant company that operates and franchises approximately 2,700 JACK IN THE BOX quick-service restaurants (QSR) and Qdoba Mexican Grill fast-casual restaurants. During the fiscal year ended September 27, 2009 (fiscal 2009), JACK IN THE BOX included 2,212 restaurants in 18 states, of which 1,190 were Company-operated and 1,022 were franchise-operated. During fiscal 2009, the Company sold of its 61 Quick Stuff convenience stores, which included a fuel station. On January 18, 2009, it acquired 22 Qdoba restaurants from franchisees. During fiscal 2009, the Company opened 64 JACK IN THE BOX restaurants, including 21 franchised locations.

JACK IN THE BOX

JACK IN THE BOX restaurants offer a selection of products focused primarily at the adult fast-food consumer. The JACK IN THE BOX menu features a range of hamburgers, salads, specialty sandwiches, tacos, drinks, smoothies, real ice cream shakes and side items. Hamburger products include Jumbo Jack, Sourdough Jack, Ultimate Cheeseburger and Jack’s 100% Sirloin Burger. JACK IN THE BOX restaurants also offer entree salads, specialty sandwiches and Teriyaki Bowls to appeal to a customer base, including women and consumers older than the traditional target market of 18-34 year old men. JACK IN THE BOX restaurants also offers customers both the ability to customize their meals and to order any product, including breakfast items, any time of the day. During fiscal 2009, drive-thru sales accounted for approximately 70% of sales at Company-operated restaurants.

Qdoba Mexican Grill

Qdoba restaurants use ingredients and Mexican flavors fused with ingredients from other regional cuisines to give a Nouveau-Mexican taste to its menu. Qdoba’s flavors include Poblano Pesto and Ancho Chile BBQ sauces. It also offers a range of catering options that can be tailored to feed groups of five to several hundred. Its Hot Taco, Nacho and Naked Burrito Bars comes with plates, napkins, serving utensils, chafing stands and sternos. Each Hot Bar is set up buffet-style so that diners can prepare their meal to their liking. The seating capacity at Qdoba restaurants ranges from 60 to 80 persons, including outdoor patio seating at many locations.