Jack in the Box Expands Into Chicago with 12 New Franchise Units, Targets Over 100 More Opportunities
Portfolio Pulse from Benzinga Newsdesk
Jack in the Box Inc. is expanding into the Chicago market with a 12-unit franchising deal, aiming for over 100 more opportunities. The company plans to open two CloudKitchens and eight company-operated locations in the Chicago suburbs. This expansion is part of a broader strategy to grow in the Midwest, leveraging the brand's popularity and flexible franchise models.
September 30, 2024 | 10:44 am
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Jack in the Box is expanding its presence in Chicago with a 12-unit franchise deal and plans for over 100 more opportunities. This expansion is expected to boost the company's revenue and market presence in the Midwest.
The expansion into Chicago with 12 new franchise units and plans for over 100 more indicates a strategic growth initiative by Jack in the Box. This move is likely to increase the company's revenue and strengthen its market presence in the Midwest, positively impacting the stock price in the short term.
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