Jack In The Box Partners With Qu To Modernize Its Restaurants: Details
Portfolio Pulse from Shivani Kumaresan
Jack In The Box Inc. (NASDAQ:JACK) is partnering with Qu to modernize its Jack In The Box and Del Taco restaurants with Qu's unified commerce platform. This initiative aims to enhance the digital experience, aiming for 20% digital sales by 2026 through multi-brand, omni-channel ordering, and kitchen fulfillment. The technology includes food lockers, digital menu boards, and AI-enabled voice ordering. JACK operates over 2,800 restaurants in 27 states, serving more than 750 million guests annually. JACK shares rose 1.41% to $61.93.
April 11, 2024 | 3:04 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Jack In The Box Inc. partners with Qu to modernize its restaurants, aiming for 20% digital sales by 2026, driving shares up 1.41% to $61.93.
The partnership with Qu is a significant strategic move for Jack In The Box, indicating a strong commitment to digital transformation and operational efficiency. This modernization effort is likely to enhance customer experience and operational efficiency, potentially increasing sales and market share. The positive market reaction, as evidenced by the 1.41% increase in share price, suggests investor confidence in the initiative's potential to drive growth and profitability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100