MCD - Jack In The Box Remains Unconvincing Despite Earnings Beat
Introduction
Jack in the Box's (JACK) recent surge in share price after its earnings surprise seems to have given investors confidence over the company's growth prospects. However, its growth driven by short-term gimmicks is not sustainable, especially with ongoing issues with operators. With a lack of clear strategic direction from management and intensifying competition, JACK is likely to struggle in the coming quarters.
JACK operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and