Jack In The Box Continues New Market Expansion With Opening Of First New CRAVED Image Drive-Thru Only Location In Ogden, UT.
Portfolio Pulse from Benzinga Newsdesk
Jack in the Box Inc. (NASDAQ:JACK) has announced the opening of its first drive-thru only location featuring its CRAVED image in Ogden, UT. This follows the brand's successful entry into the Salt Lake City metro area, its first new market in over a decade. The new Ogden restaurant follows the record-breaking sales of the July opening in Salt Lake City. Additional CRAVED image restaurants are planned to open in the future, including in Louisville, Kentucky.
September 18, 2023 | 11:36 am
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Jack in the Box's expansion into new markets with its CRAVED image restaurants, and record-breaking sales in Salt Lake City, indicate potential growth for the company.
The opening of new locations and record-breaking sales in a new market indicate a successful expansion strategy for Jack in the Box. This could potentially lead to increased revenues and growth for the company, positively impacting its stock price in the short term.
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