Jack In The Box Now Plans To Execute At Least $80M In Share Repurchases In FY23; Company Now Plans To Refranchise 90-120 Del Taco Restaurants In FY23
Portfolio Pulse from Benzinga Newsdesk
Jack In The Box plans to execute at least $80M in share repurchases in FY23. The company also plans to refranchise 90-120 Del Taco restaurants in FY23.

August 09, 2023 | 12:35 pm
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Jack In The Box's plans for share repurchases and refranchising Del Taco restaurants could potentially increase shareholder value and company profitability.
Share repurchases often lead to an increase in the stock's price as they reduce the number of shares outstanding, thus increasing earnings per share. Refranchising Del Taco restaurants could potentially increase profitability by reducing operational costs and increasing royalty revenues.
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