JACK - Jack In The Box: An Element Of Surprise To A Steep Discount
Investment Thesis
Placed among top five restaurant chains in the US QSR industry for burgers, Jack in the Box (NASDAQ: JACK) in terms of market share trails larger players such as McDonald’s Corporation (NYSE: MCD), Restaurant Brands International Inc. (NYSE: QSR) and the Wendy's Company (NASDAQ: WEN).
Compared to peers, JACK has recorded the worst sales performance for the latest financial year, which was followed by calls from franchisees to remove the company CEO and increase the support given to them. Meanwhile, more than USD1 bn of