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Jack in the Box Awards 16 Franchise Development Agreements To Open 64 New Restaurants
- Leading QSR Concept Growing in New and Existing Markets Following the Relaunch of its Franchising Program - SAN DIEGO, Aug. 18, 2021 /PRNewswire/ -- Jack in
About this update from Jack In The Box Inc.
[{"type":"text","content":"- Leading QSR Concept Growing in New and Existing Markets Following the Relaunch of its Franchising Program -\n\n\nSAN DIEGO, Aug. 18, 2021 /PRNewswire/ -- Jack in the Box Inc. (NASDAQ: JACK), one of the nation's leading QSR chains, announced today it has awarded 16 franchise development agreements year-to-date through the end of Q3 of Fiscal Year 2021 to build 64 new locations in Arizona, California, Idaho, Texas and Utah. The announcement follows the relaunch of Jack in the Box's franchise development program earlier this year encouraging existing and new franchisees to grow with the brand.\n\n \n \n \n \n \n \n\n \n\"Relaunching the franchise opportunity has been exciting and was one of our main priorities going into 2021. Over the last year and a half, we've proven to be pandemic-resistant and we're eager to grow with our current franchisee network, as well as prospective owners,\" said Darin Harris, CEO of Jack in the Box. \"In order to grow, we needed to re-energize our franchisees and strengthen relationships with our existing franchisee network. We're humbled that operators want to be part of Jack in the Box and we will continue to provide a brand that brings in guests and systems that ensure our franchisees are equipped to successfully provide great food and service.\"\nFollowing an impressive third quarter in which franchise same-store sales increased 10.3%, Jack in the Box is now ramping up development and looking to penetrate markets and build brand awareness. As part of the development agreements, Jack in the Box will enter Salt Lake City, Chicago and Louisville for the first time. The brand will also expand existing footprints in Houston, Phoenix, San Francisco, Los Angeles, and Dallas, among other cities. \n\"This is a fun brand with immense growth potential, and we're very encouraged to see such interest from franchisees looking to build their footprint and reach more guests across the communities they serve,\" said Tim Linderman, Senior Vice President, Franchise and Corporate Development of Jack in the Box. \"While we're encouraged by the development interest, our work is really just beginning. We'll continue to build a strong pipeline of future openings and ramp up real estate efforts to achieve our opening goals. The future is very bright at Jack in the Box, and we look forward to awarding more development agr...