Jack In The Box Opens First Store In Louisville, Signs Additional Multi-Unit Agreement With Franchisee To Enter The Market
Portfolio Pulse from Benzinga Newsdesk
Jack in the Box Inc. (NASDAQ:JACK) has opened its first store in Louisville, marking its entry into the Kentucky market. This is the second new market entry in the past three months, following Salt Lake City. The company also announced a new agreement with a group of veteran franchisees to open six new restaurants in the Louisville market. The new location features the brand's innovative CRAVED image and offers dine-in, drive-thru, mobile ordering options, and will be open 24 hours per day.
October 30, 2023 | 8:55 pm
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Jack in the Box's expansion into the Kentucky market and plans for further development could potentially boost its revenues and market presence.
The opening of a new store in a new market, along with plans for further expansion, indicates a strategic growth initiative by Jack in the Box. This could potentially increase its customer base, revenues, and overall market presence, which could positively impact its stock price in the short term.
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