Jack in the Box Could Sell Qdoba
Fourteen years and more than 600 new locations later, Jack in the Box has decided it is time to potentially sell Qdoba.
The brand made the announcement in its Q2 earnings announcement, which beat forecasts and sent shares up by more than 10 percent.
Jack in the Box same-store sales dropped by 0.8 percent—lagging behind competitors’ recent results—while Qdoba’s fell by 3.2 percent. Qdoba sales also lagged behind Jack in the Box in Q1, in which same-store sales dropped 1 percent while Jack in the Box’s increased by 3.1 percent.