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Jack in the Box

#7466

Rank

$384.57M

Marketcap

US United States

Country

Jack in the Box
Leadership team

Mr. Darin S. Harris (CEO & Director)

Mr. Timothy E. Mullany (Exec. VP & CFO)

Mr. Ryan Lee Ostrom (Exec. VP & Chief Marketing Officer)

Products/ Services
Food and Beverage, Franchise, Hospitality, Restaurants
Number of Employees
1,000 - 20,000
Headquarters
San Diego, California, United States
Established
1951
Company Registration
SEC CIK number: 0000807882
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
JACK
Social Media
Overview
Location
Summary
Jack in the Box Inc. operates and franchises Jack in the Box quick-service restaurants. As of November 22, 2022, it operated and franchised approximately 2,2180 Jack in the Box quick-service restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.
History

Robert Oscar Peterson already owned several successful restaurants when he opened Topsy's Drive-In at 6270 El Cajon Boulevard in San Diego in 1941. Several more Topsy's were opened. By the late 1940s, Peterson's locations had developed a circus-like décor featuring drawings of a starry-eyed clown.

In 1947, Peterson obtained rights for the intercom ordering concept from George Manos who owned one location named Chatterbox in Anchorage, Alaska, the first known location to use the intercom concept for drive-up windows.

In 1951, Peterson converted the El Cajon Boulevard location into Jack in the Box, a hamburger stand focused on drive-through service. While the drive-through concept was not new, Jack in the Box innovated a two-way intercom system, the first major chain to use an intercom and the first to focus on drive-through. The intercom allowed much faster service than a traditional drive-up window; while one customer was being served at the window, a second and even a third customer's order could be taken and prepared. A giant clown projected from the roof, and a smaller clown head sat atop the intercom, where a sign said, "Pull forward, Jack will speak to you." The Jack in the Box restaurant was conceived as a "modern food machine," designed by La Jolla, California master architect Russell Forester. Quick service made the new location very popular, and soon all of Oscar's locations were redesigned with intercoms and rechristened Jack in the Box restaurants.

Peterson formed Foodmaker, Inc. as a holding company for Jack in the Box in 1960. At this time, all Jack in the Box locations—over 180, mainly in California and the Southwest—were company-owned. Location sites, food preparation, quality control, and the hiring and training of on-site managers and staff in each location were subject to rigorous screening and strict performance standards.

In 1968, Peterson sold Foodmaker to Ralston Purina Company. In the 1970s, Foodmaker led the Jack in the Box chain toward its most prolific growth and began to franchise locations. The chain began to increasingly resemble its larger competitors, particularly industry giant McDonald's. Jack in the Box began to struggle in the latter part of the decade; its expansion into East Coast markets was cut back, then halted. By the end of the decade, Jack in the Box restaurants were sold in increasing numbers.

Around 1980, Foodmaker dramatically altered Jack in the Box's marketing strategy by literally blowing up the chain's symbol, the jack in the box, in television commercials with the tagline, "The food is better at the Box". Jack in the Box announced that it would no longer compete for McDonald's target customer base of families with young children. Instead, Foodmaker targeted older, more affluent "yuppie" customers with a higher-quality, more upscale menu and a series of whimsical television commercials featuring Dan Gilvezan, who attempted to compare the new menu items to that of McDonald's and other fast-food chains, to no avail; hence "There's No Comparison", their slogan at the time. Jack in the Box restaurants were remodeled and redecorated with decorator pastel colors and hanging plants; the logo, containing a clown's head in a red box with the company name in red text to or below the box , was modified, stacking the words in a red diagonal box while still retaining the clown's head; by about 1981 or 1982, the clown's head was removed from the logo, which would remain until 2009.

Television advertising from about 1985 onward featured minimalistic music by a small chamber-like ensemble . The menu, previously focused on hamburgers led by the flagship Jumbo Jack, became much more diverse, including salads, chicken sandwiches, finger foods, and Seasoned Curly Fries , at a time when few fast-food operations offered more than standard hamburgers. Annual sales increased through the 1980s. Ralston Purina tried further to mature the restaurant's image, renaming it "Monterey Jack's" in late 1985. The name change proved to be a disaster, and the Jack in the Box name was restored in early 1986.

After 18 years, Ralston Purina decided in 1985 that Foodmaker was a non-core asset and sold it to management. By 1987, sales reached $655 million, the chain boasted 897 restaurants, and Foodmaker became a publicly-traded company.

At their annual meeting in July 2018, the National Jack in the Box Franchisee Association, which represents the owners of about 2,000 of the chain's 2,240 restaurants, voted "no confidence" in the company's chief executive officer, Leonard "Lenny" Comma, and called for him to resign. In December 2019, Comma said he would be stepping down.On December 6, 2021, Jack in the Box announced that it was acquiring Del Taco for $12.51 per share. Del Taco has approximately 600 locations in 16 US states. The acquisition was finalized in March 2022.

JBX Grill

JBX Grill was a line of fast casual restaurants introduced in 2004 by Jack in the Box Inc. They featured high-quality, cafe-style food, avoiding most of the cheaper fast-food items typically served at Jack in the Box. The architecture and decor maintained an upbeat, positive atmosphere, and the customer service was comparable to most dine-in restaurants. Two of the Jack in the Box restaurants in San Diego were converted to JBX Grill restaurants to test the concept. There were also restaurants in Bakersfield, California, Boise, Idaho, and Nampa, Idaho. However, the concept later proved unsuccessful, and the last stores were reconverted to Jack in the Box in 2006.

Mission
Jack in the Box's mission is to create an entertaining dining experience for every customer by providing delicious food, fast and friendly service, and unique ambiance.
Vision
Jack in the Box is committed to becoming the best quick service restaurant company in the world by providing an outstanding customer experience and a unique atmosphere.
Key Team

Mr. Steven Piano (Sr. VP & Chief People Officer)

Mr. Carlson Choi (Chief Information Officer)

Ms. Carol A. DiRaimo (Interim VP of Investor Relations)

Mr. Dean C. Gordon (Sr. VP & Chief Supply Chain Officer)

Ms. Dawn E. Hooper (VP of Financial Reporting & Controller)

Mr. Tony Darden (COO & Sr. VP)

Mr. Doug Cook (Sr. VP & CTO)

Recognition and Awards
Jack in the Box has earned numerous awards and honors, including being named one of the 200 Best Performing Companies in the World, and awarded the Malcolm Baldrige National Quality Award for customer service excellence.
References

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Jack in the Box
Leadership team

Mr. Darin S. Harris (CEO & Director)

Mr. Timothy E. Mullany (Exec. VP & CFO)

Mr. Ryan Lee Ostrom (Exec. VP & Chief Marketing Officer)

Products/ Services
Food and Beverage, Franchise, Hospitality, Restaurants
Number of Employees
1,000 - 20,000
Headquarters
San Diego, California, United States
Established
1951
Company Registration
SEC CIK number: 0000807882
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
JACK
Social Media